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Employee Non-Disclosure Agreement

oboloo Glossary

Employee Non-Disclosure Agreement

An Employee Non-Disclosure Agreement (NDA) is a legally binding contract between an employer and employee that protects confidential information, such as trade secrets and proprietary business information. This agreement states that the employee must not disclose any of the confidential information to a third party without written consent from the employer. It also outlines the consequences for any breaches of confidentiality. In essence, this Agreement ensures that any company secrets remain within the prescribed bounds of those individuals entrusted with them. By ensuring the protection of sensitive information, an NDA safeguards a company’s valuable assets and helps it maintain its competitive edge in the marketplace.

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