Create a high quality document online now!

Updated July 04, 2022

An Indiana non-disclosure agreement is a document that protects against the misappropriation of Confidential Information. The contract can be Unilateral or Mutual (sole-ownership of information or dual-ownership) and it relays, in no unclear terms, the prohibition of releasing any non-public data to a third party, data that would be beneficial to the company’s competitors. An agreement of this nature is often drawn up when an employee has been freshly hired for a position in a company, or when two (2) or more individuals are entering into a partnership.

Laws IC 24-2-3-1 (Uniform Trade Secrets Act)

“Trade Secret” Definition

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