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Illinois Non-Disclosure Agreement (NDA) Template

An Illinois non-disclosure agreement is a contract between two parties that obligates one or both of them to safeguard proprietary and Confidential Information, often referred to as Trade Secrets. Confidential Information can be any non-public data that, if released to the company's competitors, would be detrimental to the individual or organization.
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“Trade Secret” Definition

“Trade secret” means information, including but not limited to, technical or non-technical data, a formula, pattern, compilation, program, device, method, technique, drawing, process, financial data, or list of actual or potential customers or suppliers, that:

(1) is sufficiently secret to derive economic value, actual or potential, from not being generally known to other persons who can obtain economic value from its disclosure or use; and

(2) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy or confidentiality.[1]

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