An Idaho non-disclosure agreement lists information that should not be told to the public, competitors, or businesses by your employees or contractors. An Idaho non-disclosure agreement is legally binding under state law, but should always be written in a manner that is reasonable.
Non-disclosure agreements are subject to the Idaho Trade Secrets Act (ID Code § 48-801, et seq).
An Idaho non-disclosure agreement is used to protect the trade secrets of a business. It is important to understand the definition of “trade secret” as it is written in Idaho law. A trade secret is information like a formula, pattern compilation, computer program, device, method, or technique. It is information that isn’t available to the public. It also can’t be something that anyone in the industry could come up with. The information must also have potential or actual economic value. It is very important to make sure that the NDA clearly explains the trade secret(s) covered by the document.
To protect the NDA, it is imperative that it complies with the state’s Trade Secret Act as well as contain reasonable terms, including the time limit, the geographical scope, and the actual restrictions.
Businesses who use an NDA may also benefit from an Idaho non-compete agreement.