Breach of NDA
If a party fails to uphold its contractual obligations, it may face litigation. In Vermont, the injured party must take action within six years of a breach of an NDA.[1]
A six-year statute of limitations also applies to the misappropriation of trade secrets. The deadline is set from the date the misappropriation was either discovered or should have been discovered through reasonable due diligence.[2]
Trade Secret: Defined
Per Vermont law, a trade secret is information that is kept secret by its owner and has economic value (potential or actual) from not being generally known or easily acquired by other parties who could benefit from its disclosure.[3]