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Nondisclosure Agreement Definition

non-disclosure agreement – n : also referred to by its acronym NDA, or as confidential disclosure agreement, confidentiality agreement, or secrecy agreement; a contractual agreement between two or more parties in which the parties commit to keep certain specified information confidential, or not to disclose it to others. NDAs are frequently signed by two organizations at the beginning of business discussions in which the parties anticipate divulging business, technology or product planning secrets to each other. An NDA can be a “one-way NDA” (in which the first party agrees to maintain the confidentiality of the second party’s secrets), or “two-way NDA” (in which both parties mutually agree not to disclose the other’s secrets). NDAs are typically very brief (1-3 pages) and are often form agreements reflecting very standard legal terms and language.

Adapted from "The CompanyCrafters Entrepreneur's Dictionary"
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