Non Disclosure Agreement (NDA) is a legal contract
between two parties (people or organizations) to protect
any type of confidential information that has been exposed to them.NDA maintain any type of confidential
and proprietary information or trade secrets.
A non-disclosure agreement, or NDA, is a legal document that observed
such impressible information. NDA also protects private business information.
This agreements defend seller and buyer of a business.
Types of NDA :
Unilateral NDA : Unilateral NDA means a particular party is accepted to protect the other party’s confidential information.
Mutual NDA : Mutual NDA means two party’s are accepted and protected each others.
Basic NDA : Published all secrets to a contractor, a prospective business partner or a strong investor.
Cease letter NDA : Send to an individual letter that crossed an NDA and it was authorized.
Employee NDA : Employee that he or she may not open trade secrets without permission.
Financial information NDA : Published all personal or business financial information to a third (3rd) party.
Some Important Keys Elements include in NDA :
All identification of the parties to the agreement.
Definition of confidential information.
The exclusions from secret behavior.
The terms and condition of the agreement.
Setting the time of the agreement.
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