Trade Secret: Defined
Delaware statutes defines a trade secret as information that[3]:
- Is economically valuable to the owner because it is not known by competitors.
- Is being protected from unauthorized disclosure or misappropriation.
A Delaware non-disclosure agreement establishes an arrangement between two parties prohibiting the unauthorized disclosure of trade secrets or other confidential information. When only one party is sharing information in the arrangement, the NDA is unilateral. If both parties are exchanging trade secrets throughout the agreement term, the NDA is mutual.
A Delaware non-disclosure agreement establishes an arrangement between two parties prohibiting the unauthorized disclosure of trade secrets or other confidential information. When only one party is sharing information in the arrangement, the NDA is unilateral. If both parties are exchanging trade secrets throughout the agreement term, the NDA is mutual.
Delaware statutes defines a trade secret as information that[3]: