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Maryland Non-Disclosure Agreement (NDA) Template

A Maryland non-disclosure agreement (NDA) is a document used to protect Confidential Information and Trade Secrets from being disclosed to a third party or competitor. It restricts one or both parties from sharing sensitive data and provides a legal remedy in the event that one party sustains damages from such a disclosure.
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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.

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