Non-Disclosure Agreement (NDA) Information:
A Non-Disclosure Agreement (NDA) is a confidentiality agreement that allows two parties, such as individuals, businesses, or entities, to share confidential and proprietary information with one another. When parties share such confidential and proprietary information, especially in business, they want that information to be kept in confidence, therefore they will usually enter into an NDA. The NDA sets out the parameters of how such confidential and proprietary information will be handled by the parties.
A Non-Disclosure Agreement can be used to keep the following information confidential: marketing information, financial information, customer and prospective customer information, intellectual property, trade secrets, formulations, product specifications, product development, manuals, prototypes, proprietary computer or software programming, and other proprietary information.
Many times, NDAs are used between business partners, vendors, independent contractors, and consultants.
The NDA sets out the parameters on how to handle the confidential information, who it can be shared with, and it also lays out the available remedies if the agreement is breached or violated.
Other names for an NDA includes: Confidentiality Agreement, Proprietary Information Agreement, and Non-Disclosure Non-Compete Agreement.
We offer you both a simple NDA, as well as a more detailed NDA that includes a non-compete and non-solicitation provisions. A non-compete provision prohibits one party from competing with the other, while a non-solicitation provision prohibits one party from inducing an employee or contractor of the other party. Select the one that you believe to be best for your specific situation. You are currently accessing the Detailed Non-Disclosure Agreement. Click here to access the simpler Non-Disclosure Agreement.