Nda Definition
An NDA, or non-disclosure agreement, is a legally binding contract between two parties that establishes a confidential relationship. The party disclosing information (the ‘Disclosing Party’) agrees not to share it with any other party (the ‘Receiving Party’), and the Receiving Party agrees to keep the information confidential and not use it for any purpose other than what is stated in the agreement.
An NDA can protect any type of information that is not generally known, including trade secrets, business plans, product designs, and marketing strategies. NDAs are often used when companies are considering doing business together or entering into negotiations.
