An NDA is a legal contract stating that certain information is confidential, and the extent to which its disclosure is restricted to third parties. This agreement indicates that knowledge or information which is mentioned in the agreement meant to be confidential. In the other word, agreement denies the access of that information to any third party. Non-Disclosure agreements are commonly signed between two companies, individuals or employer-employee. Confidential information includes trade secrets, business plans, business methods and strategies, drawings, charts and more. Software programs and code are also confidential information.
Benefits
- It emphasizes the importance of non-disclosure or confidentiality.
- It can act as deterrent to any party who might consider deliberate disclosure.
- It is one of the most common ways to protect your trade secrets and other confidential information
- It’s a good way to assure clients that their data is safe in your hands. In case of any violation of agreement you can seek legal remedy.
FAQ
It is a legally-binding contract which governs the sharing of information between different persons or organizations and sets out any conditions or limitations on the use of the information. These agreements are also known as a Confidential Agreement (CA), a Confidential Disclosure Agreement (CDA), a Secrecy Agreement (SA) and a Proprietary Information Agreement (PIA).
You can use this agreement when you are disclosing any proprietary information having commercial value which is not yet in public domain or any other type of information that you or the other party deems it to be confidential.
If you provide your information to another party without a Non-Disclosure Agreement, the information could be used in any way that you do not approve and you lose the ability to obtain certain forms of intellectual property protection.
It identifies the information that is to be kept confidential and stipulates how that information may be used by the recipient. It requires the recipient to take reasonable measures to keep the information confidential and prohibits them from disclosing it to any other party.
Don’t worry, just fill the above mentioned details & contact the professionals of Aapkaconsultant.com and we will guide you with the complete process.
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