What is an NDA?
A non disclosure agreement is a legally binding contract which prevents parties from sharing confidential information with unauthorised individuals.
Why are NDAs used in business?
NDAs protect sensitive information such as financial data, trade secrets, and intellectual property. They ensure trust during partnerships, employment, and negotiations.
What does an NDA include?
An NDA specifies what information is confidential, how it can be used, the duration of confidentiality, and consequences of breaches.
Who signs NDAs?
Employees, contractors, investors, and business partners often sign NDAs before accessing sensitive information.
Are NDAs enforceable?
Yes. NDAs are enforceable in court if properly drafted and if the terms are reasonable and clear.