Updated June 04, 2023
A Wyoming non-disclosure agreement is a contract that binds one (1) or two (2) parties to keep secret the Confidential Information described in the form. The purpose of an agreement such as this is to ensure that the Trade Secrets held by a company are not leaked to the public, and if they are, that the party responsible will be held fully liable.
The document will clearly state the nature of the agreement, the parties involved, the duration of the agreement, and the obligations of the signatories. While it may be wise, it is not legally required that a non-disclosure agreement be signed in the presence of a Notary Public.
Laws – §§ 40-24-101 – 40-24-110 (Uniform Trade Secrets Act)
“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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