Breach of NDA
Legal action in the form of a cease and desist or injunction may be taken if a party breaches the agreement. In Michigan, the injured party has up to three years from the date that misappropriation was discovered to file a claim.[1]
Trade Secret: Defined
Michigan law defines a trade secret as any information that meets the following criteria[2]:
- It derives value due to the fact that it is not generally known or accessible.
- The owner of the information is making reasonable efforts to protect its confidentiality.