Breach of NDA
A breach of the agreement will often lead to legal remedies being sought by the owner of the confidential information. The statute of limitations for filing a claim is six years from the date it was discovered.[1]
In New Jersey, a misappropriation action must be filed by the plaintiff within three years from the date misappropriation is discovered or should have reasonably been discovered.[2]
Trade Secret: Defined
A trade secret is information that derives economic value from being kept private and for which reasonable efforts are made to maintain its secrecy.[3]