Updated June 04, 2023
A Mississippi non-disclosure agreement is a contract signed by two (2) or more individuals that binds one (1) or both to safeguard the Confidential Information detailed therein. In the case of a Unilateral agreement, in which there is a sole owner of the information (an employer of a company for example), only the second party (e.g., an employee) will be obligated to prevent third parties from accessing it. A Mutual agreement is one in which two (2) or more parties agree to protect the Confidential Information. While Trade Secrets fall under the scope of Confidential Information (definition linked below), the attached contract allows the parties to protect information and data which might not fall under the State’s definition of a Trade Secret.
Laws – §§ 75-26-1 – 75-26-19 (Uniform Trade Secrets Act)
“Trade Secret” Definition
“Trade secret” means information, including a formula, pattern, compilation, program, device, method, technique or process, that:
(i) 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
(ii) Is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.
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