A non disclosure agreement is a contract signed between two or more parties who agree to not disclose the confidential information. This agreement is signed to safeguard sensitive information which may hamper the business or transaction of any kind.
Elements of NDA documentYou now know what is NDA agreement, let us now know what are the elements included in the NDA document.
Term of confidentiality
Information of parties involved in the agreement
Obligations for disclosure
Remedies
Use of the information
Also known as a confidentiality agreement, the Non Disclosure agreement comes under Indian Contract Act 1872. The types of NDA signed are:
Clauses of unilateral confidentiality stating that one party has to keep the information protected. This kind of NDA usually exists between employers and employees
There is another NDA agreement which is signed bilaterally. In this non disclosure agreement, the two parties can only share information with each other.
Basically, non disclosure agreements are in place to protect sensitive information by following the right ways and legal framework. I hope this clarifies what is a non disclosure agreement.
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Authors Of The Question
What is a non disclosure agreement?
Mehul
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1 Answers
2 Year
2022-01-12T14:11:16+00:00 2022-01-12T15:26:29+00:00Comment
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