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Multiple parties     Confidentiality obligations     Penalties and remedies     Purpose

What is an NDA?

An NDA, or confidentiality agreement (from the English “Non-Disclosure Agreement”), is a legal contract entered into between two or more parties to protect confidential or proprietary information that is shared between them. The main purpose of an NDA is to establish legal obligations for the parties involved that prevent them from disclosing or misusing confidential information.
NDAs are commonly used in a wide range of business contexts, including agreements between companies and employees, merger and acquisition negotiations, collaborations between companies, and agreements with suppliers or business partners.

Tips

• Customisation: Tailor the NDA to the specific needs of the situation. Be sure to include relevant and specific details regarding the confidential information involved and the purpose of the agreement.
• Definition of Confidential Information: Clearly define what information is considered confidential and subject to NDA protection. This may include sensitive data, trade secrets, financial information, etc.
• Limitations on Use of Information: Specify how confidential information may be used by the parties involved and establish any restrictions on its use, such as limitations on access, use, and disclosure of information.