A Louisiana non-disclosure agreement is a document that secures the confidentiality of proprietary information divulged to one or both signing parties. It is common for business owners to demand that this contract be signed prior to allowing new employees or partners access to trade secrets (information whose value is dependent on it being withheld from the public and competitors). The executed document binds the recipient to secrecy and holds them accountable should they fail to uphold the agreement.
- Statutes: Chapter 13-A
- Definitions: § 1431
- Statute of Limitation (§ 1436): Action must be taken within three (3) years of the discovery of misappropriation.