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Definition of Non-Disclosure Agreement (NDAs) A non-disclosure agreement (hereinafter referred to as an NDA) is a confidentiality agreement between the obligatory parties protecting and safeguarding the individual’s or organization’s interest in restricting the use of information other than as exclusively listed in the NDA. NDAs are meant to protect the sensitive nature of information, business plans and strategies, trade secrets, or intellectual property. Who are obligatory parties in ... An NDA ensures that this sensitive information is not disclosed to competitors or other unauthorised parties, thereby protecting the company's interests until the sale is completed. By implementing an NDA, you can facilitate a smooth transaction while maintaining the confidentiality of your business operations. NDA VS Confidentiality Agreement A Non-Disclosure Agreement (NDA) or confidentiality agreement is a legally binding contract between two parties in which one party shares confidential information and the other agrees to protect it. NDAs are most often utilized to safeguard sensitive information trade secrets, client information, financial data, proprietary software, product designs, and others. By signing this agreement, the receiving party agrees not to disclose, share, or make improper use of the confidential information ... Planning to appear for NDA 2025? Learn everything about NDA exam eligibility, syllabus, exam pattern, and the selection process in this detailed guide. Stay ahead with updated insights.
