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Drafting Non Disclosure Agreement

oboloo Glossary

Drafting Non Disclosure Agreement

A Drafting Non Disclosure Agreement (DNDA) is a formal agreement used to protect confidential information and prevent its disclosure. It sets out the specific terms and conditions of how the information must be handled in order for it to remain confidential. The agreement must outline various circumstances under which the information cannot be disclosed, such as to parties outside the agreement or to protect intellectual property rights. In addition, the DNDA should lay out any remedies that may be imposed for any breach of the agreement. A well-drafted DNDA can help protect businesses from damage due to unauthorized disclosures of sensitive or proprietary information.

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