A non-disclosure agreement (NDA) is a legally binding contract that prohibits one or more parties from disclosing confidential information to third parties. NDAs are often used to protect sensitive information such as trade secrets, proprietary information, or other sensitive data.
NDA (Non-Disclosure Agreement) typically includes details such as what information is confidential, the duration of the NDA, the parties bound by the agreement, and the specific actions prohibited by the agreement (e.g., disclosing, copying, or using the confidential information without authorization).
NDA (Non-Disclosure Agreement) can be used in various contexts, such as between a company and an employee, between two companies, or between an individual and a company. They are often used when sensitive information needs to be shared, such as during the development of a new product, when working with a vendor, or when seeking funding from investors.
NDAs are legally binding and can have severe consequences if violated. If a party breaches an NDA, the other party may have legal recourse, including the ability to seek damages or an injunction.
In summary, It protects sensitive information such as trade secrets, proprietary information, or other sensitive data. NDAs can be used in various contexts, and it’s important to note that NDAs are legally binding and can have serious consequences if violated.
Also, See: Prototype Model