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NDA stands for a non-disclosure agreement, which is an official agreement between two companies not to disclose private and confidential information. The purpose of an NDA is to prevent the partner company from disclosing or sharing critical business data with others.
Non-disclosure agreements are an important legal framework used to protect sensitive and confidential information from being made available by the recipient of that information. Companies and startups use these documents to ensure that their good ideas won't be stolen by people they are negotiating with.
(Non Disclosure Agreement) An agreement signed between two parties that have to disclose confidential information to each other in order to do business. In general, the NDA states why the information is being divulged and stipulates that it cannot be used for any other purpose.
Use this NDA to: work on software with other individuals without the worry of having someone else steal your idea, content, or code. In addition, the individual will not be able share any of the information shared with you to another party.
disclosure agreement (NDA), also known as a confidentiality agreement, is a legally binding contract in which one party agrees to give a second party confidential information about its business or products and the second party agrees not to share this information with anyone else for a specified period of time.