Florida Non-Disclosure Agreement Template
A Florida non-disclosure agreement (NDA) is a form used for keeping confidential information secure. The document outlines exactly what information is off-limits, and once signed, the recipient of the information is legally required to refrain from discussing said secret information with anyone other than those explicitly permitted.
Trade Secret Law
Before completing and signing the NDA, it is recommended that the parties familiarize themselves with Florida’s Uniform Trade Secrets Act, of which a few important sections have been highlighted below:
Definition of Trade Secret (§ 688.002): The UTSA states a trade secret can be made up of anything that includes a pattern, program, formula, compilation, method, device, or technique, or process, and complies with the following two (2) points:
- The secret(s) have value (can be actual/current or potential) that cannot be acquired easily.
- Those that are harboring the secret(s) are making reasonable efforts to prevent them from being leaked.
Statute of Limitations (§ 688.007): Three (3) years.