Breach of NDA
The injured party will have up to five years to file legal action against the party that breached its obligations set forth in a non-disclosure agreement.[1]
A misappropriation lawsuit must be filed within four years after it is discovered or should have been discovered through reasonable diligence.[2]
Trade Secret: Defined
A trade secret is information (such as a drawing, formula, technique, process, code, etc) that has actual or potential economic value because it is kept confidential and is protected as a secret.[3]