A Privacy Policy outlines mainly how you process personal data when you're a Controller while a Data Processing Agreement in most cases (especially if you're a SaaS) outlines how data is processed when a Processor offers a service or when there's a transfer of personal data from one company to another.
A data processing agreement, or DPA, is an agreement between a data controller (such as a company) and a data processor (such as a third-party service provider). It regulates any personal data processing conducted for business purposes. A DPA may also be called a GDPR data processing agreement.
Purpose: NDAs focus on protecting confidential information, while data sharing agreements focus on the terms and conditions of data sharing. Scope: NDAs typically cover a specific project or collaboration, whereas data sharing agreements can cover a broader scope, including ongoing research collaborations.
What is the difference between a DPA and a NDA? A DPA (Data Processing Agreement) outlines terms for data processing, focusing on ensuring data protection and privacy compliance. An NDA (Non-Disclosure Agreement) is a contract where parties agree not to disclose confidential information they've shared with each other.
NDA vs confidentiality agreement: What is the difference? A confidentiality agreement binds all parties to keep secret information confidential, while an NDA upholds secrecy by creating a confidential relationship between the parties who sign it.
Whereas confidentiality agreements are typically devised in employment or personal situations to protect sensitive information, NDAs are often used in business and legal settings to protect trade secrets, client lists, and financial data.
While an NDA is suitable for situations where only one party is disclosing confidential information, an MNDA is appropriate for situations where multiple parties are sharing confidential information. This is critical when you are dealing with multiple investors on your cap table or multiple contractors on a project.
Mutual Non-Disclosure Agreement.