A Tennessee non-disclosure agreement is used when entrusting a party with confidential information to limit their ability to disclose it to others. The information may include particulars about a company’s plans, operations, data, or other trade secrets (valuable and confidential info). NDAs are most often used at the beginning of a relationship with a client, partner, or a new employee, and can either enforce the non-disclosure of information from one party to another (a “unilateral” agreement), or of information shared between two (2) parties (a “mutual” agreement).
- Statutes: §§ 47-25-1701 – 47-25-1709
- Definitions: § 47-25-1702
- Statute of Limitation (§ 47-25-1707): An action against a breach of the agreement must be brought within three (3) years of its discovery.