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Using Confidentiality Agreements to Protect Your Business
A confidentiality agreement, often called a Non-Disclosure Agreement or NDA, is a legal agreement that protects discussions between parties by specifying what information will be considered confidential and how such information should be used by the recipient.
What to Look For in a Non-Disclosure Agreement
Non-disclosure agreements (“NDAs”) are important contracts that businesses use to protect their confidential information when sharing it with another party. When both parties are sharing confidential information, a mutual NDA is used.
A mutual NDA outlines the confidential information that will be shared between both parties, the limited purpose for which the information will be used and the terms and conditions under which the information will be shared.