Updated June 04, 2023
A Nebraska non-disclosure agreement is designed specifically to protect a company or individual’s Trade Secrets (Confidential Information). Once a party has signed the document, they have agreed to hold and maintain the information defined as confidential in the strictest of confidence, and they will be held accountable should the information enter the hands of a competing business or other third party. These documents are often used during a company’s hiring process as they allow an employer to train and inform a new employee freely knowing that, with the NDA signed, the employee will be liable for all damages that occur should they release the non-public information.
Laws – §§ 87-501 – 87-507 (Trade Secrets Act)
“Trade Secret” Definition
Trade secret shall mean information, including, but not limited to, a drawing, formula, pattern, compilation, program, device, method, technique, code, or process that:
(a) Derives independent economic value, actual or potential, from not being known to, and not being 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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