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Updated July 04, 2022

An Arizona non-disclosure agreement is a document that contractually binds two (2) or more parties to holding and maintaining Confidential Information, thus protecting an organization’s trade secrets. What classifies as “Confidential Information” includes, but is not limited to, documents, records, marketing plans, technical procedures, software, and prototypes.

If a third (3rd) party or the public should get a hold of said information, the party responsible will be 100% liable, and the harmed party will be entitled to seek compensation and relief for any damages caused.

Laws Title 44, Chapter 4 (Uniform Trade Secrets Act)

“Trade Secrets” Definition

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

(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.

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