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.
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