A Nevada non-disclosure agreement is a legal document that protects sensitive business information and trade secrets. Companies may implement this agreement when onboarding new employees, participating in a merger/acquisition, developing prototypes, and discussing with investors.
Nevada NDA Laws Overview
- Governing Laws: Title 52, Chapter 600A
- Statute of Limitation (§ 600A.080): Once the plaintiff becomes aware of the misappropriation of their proprietary information, they have three years to sue the defendant.
- Trade Secret Definition (§ 600A.030(5)):
“Trade secret” means information, including, without limitation, a formula, pattern, compilation, program, device, method, technique, product, system, process, design, prototype, procedure, computer programming instruction or code that:
(1) Derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by the public or any other persons who can obtain commercial or economic value from its disclosure or use; and
(2) Is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.
Are NDAs Enforceable in Nevada?
Yes. NDAs are enforceable in Nevada, provided that the agreement is reasonable and serves a legitimate business purpose. The NDA should clearly define what information is considered confidential and must not be overly broad in its restrictions. Courts will generally uphold NDAs as long as they are fair, balanced, and protect specific business interests without being overly restrictive.
