Draft NDA Agreement is a legal agreement that offers protection to parties involved in exchanging confidential information. It creates a confidential relationship between two parties, known as the “disclosing party” and the “receiving party.” This document should outline authorized uses of the shared information and prevent further disclosure. It commonly defines what each party can do with information that is disclosed in confidence, such as employee lists or know-how. A Draft NDA Agreement must be well written and enforceable, so parties understand the terms and seek remedies when they are not met. Negotiating a thorough NDA Agreement before disclosing sensitive information is a smart business move.