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Indiana Non-Disclosure Agreement (NDA) Template

An Indiana non-disclosure agreement is used to protect against the misappropriation of Confidential Information. The contract can be Unilateral or Mutual (sole ownership of information or dual ownership), and it prohibits releasing any non-public data that would benefit the company's competitors.
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“Trade Secret” Definition

“Trade secret” means information, including a formula, pattern, compilation, program, device, method, technique, or process, that:

(1) derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, 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.[1]

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Sources

  1. IC 24-2-3-2