Louisiana Non-Disclosure Agreement Template
A Louisiana Non-Disclosure Agreement (NDA) is a tool used for restricting an individual or business from leaking private information to non-permitted individuals. Also known as a “confidentiality agreement”, the document, once signed, protects anything deemed valuable or classified by the holder of the secret(s), which can include recipes, business plans, classified spreadsheets, and formulas, to name a few.
Although less common, the form can be made to protect both parties should they need to disclose information to each other (known as creating a “bilateral” agreement).
Laws
- Chapter: §§ 51.1431 to 51.1439
- Definitions: § 51.1431
- Statute of Limitations (§ 51.1436): Should the entity that disclosed information discover the recipient leaked one or more secrets, they can make a case against the perpetrator so long the misappropriation (violation) is discovered within three (3) years.