Nda Confidentiality Agreement Definition

An NDA, or non-disclosure agreement, is a contract that helps protect sensitive information from being shared. This type of agreement is typically used when two companies are working together on a project and need to share confidential information, like trade secrets or proprietary knowledge. An NDA can also be used in other situations, like when someone is considering investing in a company.

There are different types of NDAs, but the most common one is the mutual NDA. This type of agreement means that both parties are agreeing not to disclose the confidential information. Both parties must sign the agreement before any sensitive information is shared.

It’s important to read an NDA carefully before signing it. Make sure you understand what information is covered by the agreement and what could happen if you break the agreement.