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"
Copyright © 2004-2006 CompanyCrafters LLC