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non-disclosure agreements (NDAs)

A non-disclosure agreement (NDA) is a legal contract that prevents individuals or parties from sharing certain confidential information. It’s often used in business settings when sensitive information, like trade secrets or proprietary data, needs to be shared with potential partners, employees, or investors. By signing an NDA, the parties agree to keep the information private and not disclose it to others without permission. Violating an NDA can lead to legal consequences. Essentially, it’s a protective measure to ensure that valuable information remains confidential.

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    A Non-Disclosure Agreement (NDA) is a legal contract that ensures confidentiality between two parties. It's commonly used when sharing sensitive information, like business plans or trade secrets, to prevent unauthorized disclosure. By signing an NDA, the parties agree not to share the information with others. NDAs can be mutual, where both parties protect each other's information, or unilateral, focusing on one party's confidentiality. Violating an NDA can lead to legal consequences, making it a crucial tool for protecting intellectual property and maintaining competitive advantage in business dealings.