An Oklahoma non-disclosure agreement is a legal contract between a business and an employee or contractor. The objective of an Oklahoma non-disclosure agreement is to protect secrets of the business. When an Oklahoma non-disclosure agreement is properly worded, it is enforceable in the court. This document should include the information that is considered confidential.
Oklahoma state law governs NDAs and what happens if an NDA is violated. The state law, 21 O.S. § 21-1732 (2014), is modeled on the Uniform Trade Secrets Act.
Oklahoma non-disclosure agreements are written to protect business secrets. Inside of the NDA, business secrets are referred to as “trade secrets.” Oklahoma state law provides a definition of “trade secret” as information such as a formula, pattern, compilation of data, program, device, method, technique, customer list, business records, or business processes. The information must have its own potential or actual monetary value because it’s not common information to the public or another business. It is important that the business take reasonable steps to keep that information secret.
It’s important to make sure that the company’s confidential information meets the legal criteria for a “trade secret” under Oklahoma law.
In addition to the use of an Oklahoma non-disclosure agreement, businesses should also use a carefully drafted Oklahoma non-compete agreement.