Nondisclosure Agreements

A Nondisclosure Agreement (NDA) is a legal contract that keeps sensitive information private. When two parties share confidential information, they sign an NDA to ensure that this information isn't disclosed to others without permission. This agreement specifies what information is protected, how it can be used, and the duration of confidentiality. NDAs are common in business relationships, partnerships, or when discussing new ideas, ensuring that proprietary information remains secure and that trust is maintained between parties involved. Breaching an NDA can lead to legal consequences and financial penalties.