Non-Disclosure Agreement (NDA)

A Non-Disclosure Agreement (NDA) is a legal contract between parties to protect confidential information. It ensures that one or more parties agree not to share specific information with others. NDAs are commonly used in business settings when sensitive information, like trade secrets or proprietary data, is discussed or shared. By signing an NDA, parties are legally bound to keep the information private, which helps maintain trust and confidentiality in professional relationships. Violating an NDA can lead to legal consequences, reinforcing the importance of protecting sensitive information.