What Is A Non-Disclosure Agreement?
A Non-Disclosure Agreement, or an NDA, is a contract between two or more parties that prevents confidential information from being shared. Businesses will typically use these agreements to ensure that their ideas, strategies, and any other proprietary details are protected by the people they are negotiating and/or working with.
What are the key terms of a Non-Disclosure Agreement?
This Non-Disclosure Agreement will include the following terms:
⇒ Identification of the parties (the discloser, recipient and any 3rd parties)
⇒ A clear definition of what constitutes “confidential” under the agreement
⇒ The receiving party’s obligation of non-disclosure and the scope of that obligation
⇒ The term of the NDA (whether indefinite or 1 year after the information is received)
NON-DISCLOSURE AGREEMENT | DETAILS
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⇒ Last Review Date: 12 JUNE 2021
⇒ Length: 4 pages (Min.)
⇒ Review Number: 178
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