An Iowa non-disclosure agreement is a contract for preventing confidential information from being disclosed to unauthorized parties or the public. NDAs can be “unilateral,” if only one party is sharing information, or “mutual,” if both parties are exchanging information. Companies will often employ this form when sharing trade secrets with new hires, clients, or investors.
An Iowa non-disclosure agreement is a contract for preventing confidential information from being disclosed to unauthorized parties or the public. NDAs can be “unilateral,” if only one party is sharing information, or “mutual,” if both parties are exchanging information. Companies will often employ this form when sharing trade secrets with new hires, clients, or investors.
A breach of an NDA can result in a lawsuit from the injured party. Iowa law states that legal action must be taken within three years from the date that misappropriation is discovered.[1]
Iowa law defines a trade secret as information that[2]:
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