A Florida non-disclosure agreement is also referred to as a confidentiality agreement. When it comes to legal documents to protect your business, a Florida non-disclosure agreement is the lease restrictive and often easier to enforce through the court when it is properly drafted. However, Florida non-disclosure agreements must only be used truly in the best interest of protecting company secrets.
Florida has a specific act that regulates non-disclosure agreements: Commercial Relations Uniform Trade Secrets Act, Fla. Stat. § 688 (2005).
A Florida non-disclosure agreement serves a specific purpose. It protects trade secrets. Florida law defines a “trade secret” as a formula, pattern, compilation, program, device, method, technique, or process that has its own actual or potential economic value. This information cannot be general knowledge. It also cannot be something that a similar business in the industry could easily come up with and use. The company creating the NDA must take reasonable methods to keep that information secret.
Although Florida non-disclosure agreements are legal, a court will not uphold it if the restrictions within it are overly broad.
For the best possible protection, Florida businesses often use this form along with a Florida non-compete agreement.