08 May, 2015
Non-Disclosure Agreement (NDA), also known as a confidentiality agreement, is for businesses sharing innovations. This is a low-cost way to protect business ideas. An NDA is a legal contract between you and third-party. Typical scenario is to agree to disclose some information to them, while they will not disclose that information to anybody else. This permits sharing your trade secrets with partners, while preventing secrets from passing on to anybody else.