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Trade Secret: Defined
To qualify as a trade secret, the owner must take reasonable measures to keep the information secret, and it must derive independent economic value from its secrecy and not be easily ascertained by competitors.[3]
A West Virginia non-disclosure agreement is used to protect confidential information from being disclosed to outside parties. NDAs are often executed when entering a business relationship, such as when an employer hires an employee whose job will expose them to information that would harm the company should it become public or known to competitors.
A West Virginia non-disclosure agreement is used to protect confidential information from being disclosed to outside parties. NDAs are often executed when entering a business relationship, such as when an employer hires an employee whose job will expose them to information that would harm the company should it become public or known to competitors.
To qualify as a trade secret, the owner must take reasonable measures to keep the information secret, and it must derive independent economic value from its secrecy and not be easily ascertained by competitors.[3]