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Iowa Non-Disclosure Agreement (NDA) Template

An Iowa non-disclosure agreement is a contract between two parties that protects against the disclosure of Trade Secrets and other Confidential Information. They are frequently used by companies to secure sensitive information by preventing employees from sharing it with third parties and competitors.
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“Trade Secret” Definition

“Trade secret” means information, including but not limited to a formula, pattern, compilation, program, device, method, technique, or process that is both of the following:

a. Derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by a person able to obtain economic value from its disclosure or use.

b. Is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

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