What Is The Purpose Of Non Disclosure Agreement?

What Is The Purpose Of Non Disclosure Agreement?

1 Answer

  1. As the name suggests clearly, Non Disclosure Agreement or NDA has a purpose to bind two parties in a contract where the one party signs not disclose the information of the other party with the motive of maintaining secrecy and respecting the fact that the information is private.
    NDAs are commonly signed when two companies, individuals, or other entities such as partnerships, societies are considering doing business and need to understand the processes used in each other’s business for the purpose of evaluating the potential business relationship. NDAs can be “mutual”, meaning both parties are restricted in their use of the materials provided, or they can restrict the use of material by a single party.

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