A Hawaii non-disclosure agreement protects an entity’s trade secrets from being shared or used improperly by someone who has gained access to them. Trade secrets (i.e., confidential and proprietary information) are a key component of an entity’s value as a business and it’s common for businesses to have their employees, clients, contractors, and other associated parties sign an NDA before receiving this information. By making someone sign an NDA, a company is ensuring the information they are sharing won’t be misappropriated. Furthermore, if the information is disclosed improperly, they have the legal right to seek injunctive and financial relief.
- Statutes: §§ 482B-1 to 482B-9
- Definitions: § 482B-1
- Statute of Limitation (§ 482B-7): Three (3) Years