Breach of NDA
Breaching the terms of an NDA agreement can result in legal action. Under Missouri law, the injured party must file a lawsuit within five years of sustaining damages from the breach.[1]
If trade secrets are disclosed without consent, parties have five years of finding misappropriation (or from when it could have been found through reasonable efforts) to file an action.[2]
Trade Secret: Defined
A trade secret is defined by Missouri statutes as information that[3]:
- Is safeguarded by a company or individual.
- Provides economic value by not being disclosed.
- Is not generally known.
- Is not easily acquired by others.