A Florida non-disclosure agreement (NDA) is a document that acts as a layer of protection for a company’s trade secrets. It is commonly signed after hiring a new employee or contractor that will gain access to pivotal data or processes. The document outlines exactly what information is off-limits, the parties it binds, and the date it goes into effect.
Should an entity need to include information on jurisdiction and other topics, an addendum can be attached prior to signing.
“Trade secret” means information, including a formula, pattern, compilation, program, device, method, technique, or process that:
(a) Derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use; and
(b) Is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.[1]
