A Secret Agreement Definition

By | September 8, 2021

The biggest slip you can do with a trade secret would be to become too relaxed with your trade secret protection, even if you have the NDA. Not only are trade secrets essential to the economic viability of a business, but they also have independent economic value as long as they remain secret. When a confidentiality agreement is signed by the person who needs the certification body and by the recipient. When the recipient violates (in breach) the agreement, there is tacit legal action or breach precautions must be explicitly included in the initial confidentiality agreement. A trade secret is treated differently by the courts than mere confidential information.

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