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Trade Secret: Defined
Information that is kept secret by its owner, is not generally known, and has potential or actual economic value because it is kept confidential, is considered a trade secret.[3]
A Rhode Island non-disclosure agreement is used to protect confidential information from being shared with unauthorized parties. The contract identifies each party, whether one or both parties are exchanging information, their duties, the potential consequences for breaching the agreement, and what constitutes confidential information.
A Rhode Island non-disclosure agreement is used to protect confidential information from being shared with unauthorized parties. The contract identifies each party, whether one or both parties are exchanging information, their duties, the potential consequences for breaching the agreement, and what constitutes confidential information.
Information that is kept secret by its owner, is not generally known, and has potential or actual economic value because it is kept confidential, is considered a trade secret.[3]