NDA (non-disclosure agreement) is a confidentiality agreement. It is the most widely used contractual tool for protecting sensitive information, such as business information, production processes, personal data, know-how, and the like. It is a contractual protection of information that you do not wish to be disclosed to third parties or the public.
- protects sensitive information
- defines penalties for disclosure of protected information
What does an NDA look like?
An NDA is a contractual arrangement and takes the form of either
- a separate NDA agreement, or
- is part of another contract, as a paragraph thereof