A Rhode Island non-disclosure agreement is used to protect confidential information from being shared with parties outside the scope of the agreement. An NDA can be made to either prevent one party from revealing the other’s information (a “unilateral” agreement) or prevent both parties from sharing confidential information with others (a “mutual” agreement). NDAs are mainly employed in commercial settings to safeguard information that would benefit a competing company or lose value if made available to the public. In Rhode Island, an NDA expires after three (3) years, and the disclosure of any information after that point is not deemed an infringement of the agreement.
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