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Updated July 04, 2022

A Connecticut non-disclosure agreement is a legal contract signed by at least two (2) parties that binds them to keep trade secrets and other confidential information protected from third parties. This document is often applied when a business is hiring new employees and wishes to keep private and valuable information from its competitors; in this case, the agreement would be defined as Unilateral (meaning the first party owns the information and the second is legally bound to maintaining its confidentiality). When two (2) companies are entering into business together and wish the counterparty to keep their trade secrets classified, they will create a Mutual agreement (neither party can disclose the others’ confidential information).

Laws §§ 35-50 – 35-58 (Uniform Trade Secrets Act)

“Trade Secret” Definition

Notwithstanding the provisions of sections 1-210, 31-40j to 31-40p, inclusive, and subsection (c) of section 12-62, “trade secret” means information, including a formula, pattern, compilation, program, device, method, technique, process, drawing, cost data or customer list that: (1) 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 (2) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.