When a company is sharing its technology or other proprietary
information with a potential strategic or commercial partner, it
will want to ensure that the information is kept secret and not
being used for an unauthorized purpose. This is where a
non-disclosure agreement (NDA) is relevant.
Put simply, an NDA is a legally binding document that sets out
the obligations of the person receiving confidential, non-public
information to the person disclosing it. An NDA may be one-way (in
other words, it only obligates the receiving party to protect the
confidential information of the disclosing party) or it may be
mutual (it obligates each party to protect the other party's
confidential information). It is also known as a confidential
disclosure agreement or confidentiality agreement, but the name of
the document and the scope of what the document covers could vary
depending on the context, type of transaction and the industry you
are in. NDAs are meant to provide assurance
