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There are three types of NDAs: unilateral, bilateral, and multilateral. Read on to learn when you should use each type. You'll also learn how to use a contract management tool like Ironclad to draft and manage them.

Are Non Disclosure Agreements legally binding? A Non Disclosure Agreement is governed by the Indian Contract Act, 1872 and ing to it a Non Disclosure Agreement (NDA) is a legally binding contract. To ensure the further validity and enforceability of the Non Disclosure Agreement, it is suggested to stamp the NDA.

In a unilateral NDA, only one party agrees to keep the other party's confidential information private. However, in a bilateral NDA, both parties agree to keep the other's confidential information private.

Here's the difference: NDAs are a document that legally binds two or more parties from disclosing confidential information. They keep the information revealed during a study secret. Informed consent forms indicate that both parties understand their rights, privacy, and expectations.

The two main types of NDAs are Unilateral and Mutual. Unilateral NDAs are used when only one party is disclosing information such as an employer, a startup or a company to an employee, investor or consultant respectively. On the other hand, a mutual NDA is used when both parties are disclosing confidential information.

And while every non-disclosure agreement is as unique as the parties and the agreement involved, terms of 1 ? 10 years are standard, with the duration of confidentiality lasting indefinitely on trade secrets and as long as possible (or as is necessary) for other forms of IP.

Non-disclosure agreements, or NDAs as they are sometimes called, are legally enforceable agreements between parties that are used to ensure that certain information will remain confidential.