A Non-Disclosure Agreement (NDA), also known as a Confidentiality Agreement, is a contract between two parties that places valuable information under protection.

• Describes the ideas, data, and operations an individual or business wants to protect
• Specifies how long the obligations of non-disclosure are in place
• Sets out rules against competition and solicitation

A Non-Disclosure Agreement is typically created when the disclosing party (an individual or business) doesn't want valuable information to be exposed by the receiving party
(an employee, consultant, or business partner).

• Employers whose employees or consultants have access to confidential company information
• Business owners who are disclosing proprietary information to potential buyers, partners, or investors
• Inventors who are sharing ideas and other sensitive information with evaluators or investors

Creating a written agreement can benefit both the disclosing party and the receiving party.

• Clearly describes what information they want to protect, as well
  as the terms of non-disclosure
• Provides evidence that an agreement was in place, should the receiving party expose confidential information

• Specifies what information is considered confidential
• Puts the terms of non-disclosure in writing, and can be referred
  to if a misunderstanding occurs

Your Non-Disclosure Agreement should contain the
following information:

• Employment
• A potential sale
• A new invention

• Product design and production
• Software and technology
• Marketing and development
• Accounting records
• Client data
• Intellectual property

• Contact details
• Location

• 1, 2, or 5 years after the business relationship ends
• Indefinite

• Overly broad
• Excessively long in duration
• Too demanding for the receiving party
• Against public interest