A Missouri non-disclosure agreement ensures that information deemed confidential by an individual or entity is not disclosed to unauthorized parties. Often referred to as an “NDA,” this form is used to safeguard trade secrets that perpetuate a company’s edge over their competition. The provisions define the parties and their relationship to each other, their respective obligations, and the nature of the agreement (whether unilateral or mutual). Breach of the contract’s terms can result in legal action being filed by the damaged party.
- Statutes: §§ 417.450 to 417.467
- Definitions: § 417.453
- Statute of Limitation (§ 417.461): Once misappropriation has (or should have) been discovered, a lawsuit must be filed within five (5) years.