A confidentiality agreement (usually titled an NDA, Non-Disclosure Agreement, or CDA) is often the first binding agreement entered into between persons forming (or considering forming) a business relationship. The agreement’s general purposes are to:
• safeguard the trade secrets, confidential information and property of one or more parties to the contract from disclosure, misuse and misappropriation, whether by another party or occurring as a result of any action or inaction by another party; and
• provide adequate remedies if a party suffers damages (or might suffer damages) as a result of a prohibited disclosure, use, or appropriation of its trade secrets, information or property.
The Legal Wordsmith for Businesses, Individuals, and Attorneys
ATTORNEY ADVERTISING: This Contract Solutions website is designed to provide general information only. Nothing on this site constitutes a legal opinion related to any facts or circumstances. Nothing on this site is intended to be legal advice, and nothing should be interpreted as legal advice.
Neither the information presented on this site, nor the use of any content accessible by way of this site, forms a lawyer-client relationship.