Overview of an NDA

What is an 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.

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