Updated February 21, 2023
A Nevada non-disclosure agreement is a document intended to protect confidential business information. One (1) or more parties sign the document and are thereafter bound to holding and maintaining the secrecy of the Confidential Information accessed under the employment, or in association with, the company in question. The definition of Confidential Information has been outlined in the agreement and includes any Trade Secrets as defined by the Uniform Trade Secrets Act. Excluded from the agreement is any information that is available to the public, ubiquitously used practices, information already in the possession of the parties prior to signing the contract, and information developed without the use of Confidential Information.
Laws – NRS 600A.010 – 600A.100 (Uniform Trade Secrets Act)
“Trade Secret” Definition
“Trade secret:”
(a) Means information, including, without limitation, a formula, pattern, compilation, program, device, method, technique, product, system, process, design, prototype, procedure, computer programming instruction or code that:
(1) Derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by the public or any other persons who can obtain commercial or economic value from its disclosure or use; and
(2) Is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.
(b) Does not include any information that a manufacturer is required to report pursuant to NRS 439B.635 or 439B.640, information that a pharmaceutical sales representative is required to report pursuant to NRS 439B.660 or information that a pharmacy benefit manager is required to report pursuant to NRS 439B.645, to the extent that such information is required to be disclosed by those sections.
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