What is nda: Definition of Non-Disclosure Agreement (NDAs)

Definition of Non-Disclosure Agreement (NDAs) A non-disclosure agreement (hereinafter referred to as an NDA) is a confidentiality agreement between the obligatory parties protecting and safeguarding the individual’s or organization’s interest in restricting the use of information other than as exclusively listed in the NDA. NDAs are meant to protect the sensitive nature of information, business plans and strategies, trade secrets, or intellectual property. Who are obligatory parties in ... An NDA, or Non-Disclosure Agreement, is a legal contract between two or more parties that protects confidential information. It restricts who can access this information and what they can do with it. One-way NDA: One party shares sensitive details, and the other agrees to keep it private (also called a unilateral NDA). Group NDA: Covers multiple parties exchanging information—useful when several businesses or individuals are collaborating. NDA stands for a non-disclosure agreement. An NDA can also be known as a confidential disclosure agreement (CDA), a confidentiality agreement, a secrecy agreement, or a proprietary information agreement (PIA). It is a written contract between two or more parties (for example, one can be an employee and the other can be an organization) that prohibits the sharing of confidential information with others that the organization or the issuer is willing to share with the employee. It is a legal ...