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Louisiana Non-Disclosure Agreement (NDA) Template

A Louisiana non-disclosure agreement (NDA) is a document used to bind two parties to protect confidential information from third parties and competing businesses. It can be mutual, in that both parties are restricted from sharing the information, or it can be unilateral, where only one party is bound to secrecy.
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“Trade Secret” Definition

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

(a) 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

(b) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

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