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Trade Secret: Defined
Information that derives economic value from being kept secret by its owner and is not generally known or easily ascertainable qualifies as a trade secret.[3]
A Wyoming non-disclosure agreement helps ensure that confidential information is not disclosed to unauthorized parties. If only one party is sharing information, the document will be “unilateral”; if both parties exchange information, it is “mutual”. NDAs are often used when a company hires a new employee or when it becomes necessary to share sensitive information with partners, clients, or contractors.
A Wyoming non-disclosure agreement helps ensure that confidential information is not disclosed to unauthorized parties. If only one party is sharing information, the document will be “unilateral”; if both parties exchange information, it is “mutual”. NDAs are often used when a company hires a new employee or when it becomes necessary to share sensitive information with partners, clients, or contractors.
Information that derives economic value from being kept secret by its owner and is not generally known or easily ascertainable qualifies as a trade secret.[3]