A Mississippi non-disclosure agreement is more often referred to as a confidentiality agreement. The overall purpose of a Mississippi non-disclosure agreement is to prevent employees or contractors from giving business secrets to others.
Mississippi governs non-disclosure agreements and trade secrets through their Uniform Trade Secrets Act, Miss. Code Ann. §§ 75-26.
Business secrets are also referred to as “trade secrets.” In fact, the Uniform Trade Secrets Act provides a legal definition of “trade secrets.” In Miss. Code Ann § 75-26-3, a trade secret is defined as information of some type that has actual or potential monetary value because it is something not considered general knowledge for the public. Additionally, the information can’t be so simple that another business could figure it out and adopt it as their business practice. Examples given by the statute include formulas, patterns, compilations, programs, devices, methods, techniques, and processes. To protect a trade secret using an NDA, a business must also take reasonable steps to keep that information private.
To help protect the business, use a Mississippi non-compete agreement with the NDA.