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Vermont Non-Disclosure Agreement (NDA) Template

A Vermont non-disclosure agreement helps to protect the confidentiality of a company's Trade Secrets. It is often used when two companies plan to work together and require access to each other's sensitive information. It may also be used before an employee is given access to a company's Trade Secrets.
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“Trade Secret” Definition

“Trade secret” means information, including a formula, pattern, compilation, program, device, method, technique, or process, that:

(A) 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

(B) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

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