Iowa Non-Disclosure Agreement (NDA)

The Iowa Non-Disclosure Agreement (also known as a “Confidentiality Agreement” or “One-way NDA”) establishes a legally binding contract between two (2) parties, restricting one (1) or both of the parties from sharing the learned trade secrets of the other. Commonly used when hiring new employees, pitching an unpatented product, or keeping a recipe or process out of competitors’ hands, signing an NDA is an easy and safe investment to protect the confidential information of an individual or company based out of Iowa.

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Trade Secret Law

The Uniform Trade Secrets Act was an act published in 1979 with the goal of making each state’s trade laws uniform. One of the primary purposes of unifying trade secret laws was to help companies that do business in more than one (1) state. The act was adopted by the majority of states, including Iowa. However, many of the states have added additions and slight alterations to the Act. To ensure the parties have a full understanding of Iowa’s trade secret law, the outline below should be referred to:

Laws: Iowa Chapter 550 “Trade Secrets” (.pdf)

  • § 550.1 “Short Title” – States that Chapter 550 is known as the “Uniform Trade Secrets Act”
  • § 550.2 “Definitions” – The definitions of important and frequently used terms
  • § 550.3 “Injunctive Relief” – Situations in which an injunction will be issued or terminated by the court
  • § 550.4 “Damages” – What the complainant can receive damage compensation for
  • § 550.5 “Defense” – What constitutes as a complete defense (for the defendant)
  • § 550.6 “Attorney Fees” – When the court will award attorney fees
  • § 550.7 “Preservation of secrecy” – The steps the court will take to ensure a trade secret remains a secret
  • § 550.8 “Statute of limitations” – The required timeframe for bringing a case of misappropriation

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