A Washington, DC non-disclosure agreement is a legally binding contract designed to ensure the privacy of valuable information. It creates a pact of confidentiality, guaranteeing that all parties involved in a business relationship are committed to preserving the secrecy of vital data.
An NDA is an essential legal instrument for businesses and individuals, a critical line of defense for safeguarding sensitive information, trade secrets, and proprietary data.
Trade Secret Laws
UTSA Version Adopted: 1985
Misappropriation (§ 36–401(2)): The improper acquisition, disclosure, or use of another party’s trade secrets or confidential information. This can involve unauthorized access, disclosure to third parties, or unauthorized use of confidential information. A complainant may recover damages for the loss resulting from misappropriation (§ 36–403) and reasonable attorney’s fees (§ 36–404).
Statute of Limitation (§ 36–406): The claimant has three years to file a lawsuit since the discovery of the misappropriation.
Trade Secret Definition (§ 36-401(4)):
“Trade secret” means information, including a formula, pattern, compilation, program, device, method, technique, or process, that:
- Derives actual or potential independent economic value, from not being generally known to, and not being readily ascertainable by, proper means by another who can obtain economic value from its disclosure or use; and
- Is the subject of reasonable efforts to maintain its secrecy.