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Rhode Island Non-Disclosure Agreement (NDA) Template

A Rhode Island non-disclosure agreement is used to ensure Trade Secrets remain confidential. Each party signing the contract is required to protect any Confidential Information identified within the document and understands that unauthorized disclosure of such information may result in liability for resulting damages.
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“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.[1]

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Sources

  1. § 6-41-1(4)