Non-Disclosure Agreement NDA

A non-disclosure agreement (NDA) is a contract that is enforceable under the law and creates a confidential relationship. The NDA is regulated by the Indian Contract Act,1872. The signatory(s) agree that any sensitive information they may collect will not be disclosed to any third parties. There are 3 types of NDA. A confidentiality agreement is another name for an NDA.

Non-disclosure agreements are frequently used by companies when they get into negotiations with other companies. This gives the parties the freedom to exchange private information without worrying that their rivals would obtain it. It might be referred to as a mutual non-disclosure agreement in this situation.