What is a Trade Secret in Nevada?
The Nevada Uniform Trade Secrets Act (“NUTSA”) defines exactly what is considered as protected confidential information in Nevada Revised Statutes 600A.030:
5. “Trade secret” means information, including, without limitation, a formula, pattern, compilation, program, device, method, technique, product, system, process, design, prototype, procedure, computer programming instruction or code that:
(a) Derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by the public or any other persons who can obtain commercial or economic value from its disclosure or use; and
(b) Is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.