Protecting Trade Secrets With A Solid Nondisclosure Agreement

A company must take reasonable steps to protect a trade secret in order to qualify for protection under the Uniform Trade Secret Act. Recent case law suggests that “reasonable” means that contractual obligations of secrecy need to be established with those who use or receive trade secrets in order to protect them. Robins, Kaplan, Miller & Ciresi attorneys Jake M. Holdreith and David A. Prange, in a Today’s General Counsel article, explain how this is best done with a non-disclosure agreement, and that it must be drafted carefully to avoid pitfalls.