NCND Agreement Law and Legal Definition

NCND Agreement refers to a non circumvention non disclosure agreement. It is an agreement used in the preliminary stages of a business transaction where the seller and buyer do not know each other, but are brought into contact with each other by one or more intermediaries to fulfill the transaction. The purpose of such agreement is to ensure that (1) the intermediaries who brought the buyer and seller together are not by-passed and (2) the information disclosed during the negotiations is not revealed to any external or unauthorized party. These agreements are usually valid for a specified term.