Using a standard template can work, but it's always best to tailor it to fit your specific situation to cover all your bases.
Typically, NDAs last for a set number of years, but this can vary depending on what both parties agree upon—so it’s worth hashing that out upfront.
Absolutely! Most people nowadays sign NDAs online, and as per the law, as long as both sides agree, an electronic signature holds water.
If someone breaks the NDA, they could face legal consequences, which might include paying damages for any harm caused by their breach.
Generally, if the info isn't public knowledge and gives you a leg up in your business, it’s likely confidential. If in doubt, just ask!
If you're sharing secrets—like business plans or trade secrets—with someone else, an NDA helps ensure they won't spill the beans to others.
A Basic Nondisclosure Agreement (NDA) is a legal document that keeps sensitive information shared between two parties under wraps, making sure it doesn't see the light of day without permission.