A Nebraska non-disclosure agreement is a legal document that imposes strict restrictions on disclosing sensitive company information. Once the document has the signatures of the receiving and disclosing parties, it helps shield proprietary information from external entities. This way, the disclosing party can feel more confident sharing company data with pertinent parties.

Governing Laws: Chapter 87, Article 5.
Statute of Limitation (§ 87-506): The statute of limitation to bring a case of misappropriation to court is four years.
Trade Secret Definition (§ 87-502(4)):

Trade secret shall mean information, including, but not limited to, a drawing, formula, pattern, compilation, program, device, method, technique, code, or process that:

(a) Derives independent economic value, actual or potential, from not being known to, and not being 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.

Are NDAs Enforceable in Nebraska?

Yes. NDAs are enforceable in Nebraska if they are reasonable in scope and duration. The NDA must specify what information is considered confidential and should only restrict disclosure for a reasonable period of time. NDAs that are too broad or vague may not be enforceable, and the agreement must serve a legitimate business purpose.