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.
Companies use this document to establish other kinds of business relationships during the hiring process. A company may choose to implement a mutual or unilateral NDA. The former is a document that ensures each party is equally accountable for safeguarding shared information, while the latter only involves one party bound to maintain confidentiality.
Trade Secret Laws
UTSA Version Adopted: 1985
Misappropriation (§ 87-504): A complainant is permitted to seek damages for misappropriation. They may seek damages like the actual loss inflicted by misappropriation or the unjust enrichment that isn’t accounted for when determining the actual loss.
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.