Nondisclosure Agreements Law and Legal Definition
A nondisclosure agreement (NDA) refers to an agreement which ensures that proprietary information disclosed by one party will be kept secret by another party. NDA helps a business to protect its trade secrets. It is used when someone with an unpatented idea shows it to another party, and wants that party to maintain as confidential any information. NDA allows both parties to acknowledge that a duty of confidentiality exists and spells out the possible remedies or sanctions associated with the breach of the duty.
