It is valuable only as long as it remains secret or confidential.
Carefully consider NDAs between you and public bodies.
You can also use these agreements with your employees and journalists to whom you want to give a 'sneak preview' of financial, technical or new product information.
NDAs can cover: Information qualifies as a trade secret or confidential when it is not known in the public domain.
However it is best to get this in writing and to specify to the employee exactly what is confidential.
You should also ensure that the NDA makes provision for when the employee leaves your business.
A non-disclosure agreement (NDA), also known as a confidentiality agreement, is a low-cost way to protect your business' ideas.
An NDA is a legal contract between you and another party.
Sharing new knowledge and original work which you intend to use commercially requires a high level of mutual trust.
The UK law of confidentiality is the right to prevent disclosure of confidential information acquired in confidential circumstances.