Confidentiality agreements are very useful to prevent unauthorized disclosures of information, but they have inherent limitations and risks. This Agreement sets out the terms on which the Parties will disclose certain information to each other in connection with the Purpose.Every nondisclosure agreement should have a clearly defined timeframe. The Court could find that the confidentiality agreement is unenforceable for some reason, in which case there are no consequences. NDAs, or non-disclosure agreements, are legally enforceable contracts that create a confidential relationship between a person who has sensitive information. The potential effects of including an expiration date in an NDA clearly should be considered when drafting the agreement.