Trade Secret: Defined
Iowa law defines a trade secret as information that[3]:
- Provides its owner economic value by not being disclosed or easily obtainable.
- Is being kept confidential by the owner.
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 have new hires, clients, or partners sign this form before entering into business.
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 have new hires, clients, or partners sign this form before entering into business.
Iowa law defines a trade secret as information that[3]: