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What is a Confidentiality Agreement (NDA)?
A Confidentiality Agreement, also known as a Non-disclosure Agreement (NDA), is a contract by which a party receiving information from another party agrees to keep such information confidential.
By signing a Confidentiality Agreement, also known as a Non-disclosure Agreement (NDA), the party receiving information agrees not to disclose, use or exploit confidential information, except in agreed circumstances or with the consent of the other party.
A Confidentiality Agreement, also known as a Non-disclosure Agreement (NDA), specifies the duration for the confidentiality obligations to apply.
Key points included
- Purpose of disclosing the confidential information; and
- Duration of the confidentiality obligation.
