Breach of NDA
Violating the terms of a non-disclosure agreement can initiate serious legal consequences. If the breached party chooses to seek legal action, they will have to do so within six years of the breach.[1]
If misappropriation is discovered (or should have been discovered with reasonable diligence), the affected individual or entity will have three years to file suit against the other party.[2]
Trade Secret: Defined
Any information that has economic value because it is kept reasonably secret by its owner and not readily ascertainable by the public or competitors is considered a trade secret.[3]