A New Hampshire non-disclosure agreement is a contract in which an individual or entity agrees not to share confidential material with unauthorized parties. Confidential material, often referred to as “trade secrets,” is any valuable information that’s not available to the general public and which has been kept secret by the rightful owner of the information.
Drafting an NDA helps maintain secrecy by imposing legal consequences for the misuse and wrongful disclosure of confidential material. If someone signs an NDA but fails to maintain confidentiality, the non-disclosing party can file a misappropriation lawsuit and recover damages ($) from the party in violation.
- Statutes: 350-B (Uniform Trade Secrets Act)
- Definitions: § 350-B:1
- Statute of Limitations (§ 350-B:6): A legal action for misappropriation of trade secrets must be initiated within three (3) years of the act.