California Non-Disclosure Agreement Template
A California non-disclosure agreement (NDA) is a legal contract used for preventing valuable information from being shared with third parties.
It’s used in a wide range of scenarios to protect information from being exposed, including discussing business mergers, pitching newly developed technology to investors, or hiring new employees.
Trade Secret Law
California adopted the Uniform Trade Secrets Act in 1984, which was a federal act meant to be adopted by the states in an effort to make trade secret laws consistent country-wide.
Statute of Limitations (§ 3426.6): Those that had their trade secrets misappropriated (stolen) have three (3) years since the date of discovery to bring a case.
Definition of “Trade Secret” (§ 3426.1): Can include information that exists as a “formula, pattern, compilation, program, device, method, technique, or process” that:
- Is valuable (or has the potential of being valuable) from it not being known (or easily known) to the general public and those that could use the information to benefit themselves, and
- The entity that owns the information is making a reasonable effort to maintain the information’s secrecy.