Updated on September 13th, 2022
An Iowa non-disclosure agreement is a contract that, once signed, prevents confidential information exchanged between parties from being leaked. Companies that need to share sensitive information with employees, suppliers, clients, or investors may employ this agreement to safeguard their trade secrets. The form allows for a unilateral agreement, which is used when one party is sharing restricted information, or a mutual agreement if both parties are sharing trade secrets. The document also defines the parties’ relationship and their obligations and provides examples of what constitutes confidential information.
- Statutes: Chapter 550 – Trade Secrets
- Definitions: § 550.2
- Statute of Limitation (§ 550.8): Three (3) Years