What Is a Confidentiality Agreement?
A Confidentiality Agreement, also known as a Non-Disclosure Agreement, is created by an individual or business (the disclosing party) to prevent an employee, consultant, or potential buyer (the receiving party) from revealing their private information.
- Describes the knowledge, data, and processes under protection
- Outlines the terms of confidentiality, including how long the information will remain private
- Confirms the receiving party's agreement to the terms of the contract
- May allow the disclosing party to take legal action if the receiving party breaches the contract