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South Dakota Non-Disclosure Agreement (NDA) Template

A South Dakota non-disclosure agreement helps protect confidential and proprietary information from unauthorized disclosure. Companies often use this type of agreement with employees who have access to sensitive data and information. By signing, the employee indicates their agreement not to share the data.
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“Trade Secret” Definition

“Trade secret,” 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.