A non-disclosure agreement (NDA) is a legal contract between two or more parties that outlines confidential information or knowledge that the parties wish to share with one another, but wish to restrict access to.
A non-disclosure agreement is also known as a confidentiality agreement, confidential disclosure agreement, proprietary information agreement, or secrecy agreement.
What is the purpose of an NDA?
Non-disclosure agreements protect non-public business information from being shared by one of the parties with outsiders. For example, companies use NDAs to make sure their ideas won’t be stolen by companies or individuals they are negotiating with. Also, employers often require employees to sign NDAs to protect their business information.