A Connecticut non-disclosure agreement is a vital legal instrument for businesses and individuals operating within the state, crafted to protect sensitive information, trade secrets, and proprietary data.
This legally enforceable contract ensures that all parties engaged in a business relationship are firmly committed to preserving the confidentiality of specified data. NDAs serve various key functions, such as safeguarding confidential information, defining obligations, and setting the duration and the consequences of breach. Upholding the terms of the NDA is not just ethical but a legal necessity.
Trade Secret Laws
UTSA Version Adopted: 1979
Misappropriation (§ 35-51(b)): The improper acquisition, disclosure, or use of another party’s trade secrets or confidential information. Breaches carry significant legal repercussions of up to two times the amount of damages caused by the wrongful disclosure (§ 35-53) and attorney’s fees (§ 35-54).
Statute of Limitation (§ 35-56): An action for misappropriation must be brought within three years after discovering the breach.
Trade Secret Definition (§ 35-51(d)):
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:
- 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
- Is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.