Non-Disclosure Agreement (NDA)

A Non-Disclosure Agreement (NDA) is a legal contract between two or more parties that outlines the confidentiality of certain information shared between them. NDAs are often used to protect sensitive or proprietary information, such as trade secrets, business plans, intellectual property, or customer data, from being disclosed to third parties. The agreement specifies what information must be kept confidential, the duration of the confidentiality obligation, and the consequences if the terms of the NDA are violated. NDAs are commonly used in business relationships, such as between employers and employees, partners, or contractors.