Non-Disclosure Agreement statute

A Non-Disclosure Agreement (NDA) statute is a legal rule that guides how confidentiality agreements are enforced. It specifies the circumstances under which confidential information must be kept private, the obligations of the parties involved, and the consequences of breaches. Essentially, it provides a legal framework to ensure that sensitive information—such as trade secrets, business strategies, or proprietary data—remains confidential, aiding parties in protecting their interests while outlining penalties if the agreement is violated. The statute helps maintain trust and clarity in business relationships involving confidential information.