Use of Non-Disclosure Agreements is governed by the Indian Contract Act 1872.
Non-disclosure agreements also called for a Confidentiality agreement. The abbreviation used for Non-disclosure information is (NDA).
Non-Disclosure agreements or Confidentiality agreements are bonds or agreements entered by two or more parties/ persons in which all the parties or person entered approve that certain types of information that is disclosed between them will remain private/confidential.
A Non-Disclosure Agreement (NDA)makes a private relationship between the parties to protect any type of confidential information or trade secrets. In addition, a Non-Disclosure Agreement (NDA) protects non-public business information.
Such bonds or agreements are often used by a company or individual who has a secrecy to be maintained for their benefit. Non-Disclosure Agreement (NDA) acts as a protection against such information.
A non-disclosure agreement (NDA) may be categorized as
The most evident advantage of a Non-Disclosure Agreement (NDA) is protecting your information.
NDA agreement allows settling as to on what information the parties to agreement can and cannot disclose information to others.
NDA agreement allows parties to define as to what "confidential information" is so that it is clear to both parties throughout what is considered confidential and what subsequently cannot be disclosed.