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Pennsylvania Non-Disclosure Agreement (NDA) Template

A Pennsylvania non-disclosure agreement is used to ensure that Confidential Information owned by one or both of the signatories is not disclosed to competing businesses. By signing the agreement, the parties indicate their understanding that disclosure of the defined information may result in their liability for resulting damages.
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“Trade Secret” Definition

“Trade secret.” Information, including a formula, drawing, pattern, compilation including a customer list, 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.

(2) Is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.[1]

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Sources

  1. § 5302