Non-Disclosure Agreement (NDA) :
A non-disclosure agreement (NDA) is a legal contract to establish a confidential relationship between parties. It is used to protect sensitive information from being disclosed to external entities. NDAs in business ensure that proprietary or confidential information shared during negotiations, partnerships, or employment remains secure.
What are the important elements of NDA?
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Confidential information
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Definition of participating parties
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Obligations for receiving party
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Exclusion from confidentiality
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Terms and durations
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Permitted disclosure of information
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Consequences of NDA breach
What are the different types of NDA?
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Unilateral NDA
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Bilateral NDA
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Multilateral NDA
What are the various uses of NDA?
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Negotations in a business
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Employment agreement
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Product development
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Investor relations