A legally binding Non-Disclosure Agreement (NDA), also known as a confidentiality agreement, is a contract between two parties that outlines the terms and conditions for the confidential exchange of information.
This type of NDA is commonly used in contractor-client relationships to protect sensitive information such as trade secrets, business plans, and financial data. This NDA template include details such as the types of information that are considered confidential, the length of time the NDA will remain in effect, and the specific restrictions on the use and dissemination of the confidential information. Additionally, it will also have the details of the consequences of a breach of the NDA.
Such agreements are important to ensure that the confidential information shared between the contractor and client remains protected, and to minimize the risk of unauthorized disclosure or use of the information.
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