Trade Secret: Defined
Kentucky law states that information is considered a “trade secret” if it[3]:
- Provides the owner financial benefit by not being generally known or obtainable.
- Is being safeguarded by the owner.
A Kentucky non-disclosure agreement allows an individual or entity to prohibit the sharing of confidential information to unauthorized parties. This document is often provided to the recipient as a condition of being granted access to sensitive data. It is common practice to use an NDA with new employees, contractors, or business partners.
A Kentucky non-disclosure agreement allows an individual or entity to prohibit the sharing of confidential information to unauthorized parties. This document is often provided to the recipient as a condition of being granted access to sensitive data. It is common practice to use an NDA with new employees, contractors, or business partners.
Kentucky law states that information is considered a “trade secret” if it[3]: