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Maine Non-Disclosure Agreement (NDA) Template

A Maine non-disclosure agreement (NDA) is a contract between two parties that restricts the disclosure of Confidential Information. It confirms that each party agrees to maintain the confidentiality of such information. Companies frequently require new employees to sign an NDA to keep their Trade Secrets out of the hands of 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:

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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