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A Non Disclosure Agreement essentially defines the parameters of disclosure allowed by one party to another (both being contracting parties) of the information given to such party by the first party in due conduct of business. Since certain information can be of sensitive nature (example business plans, new product details, financial plans etc) and if disclosed openly could result adversely for the business hence, more often than not businesses, regardless of their corporate size and structure, opt to execute a NDA between engaging parties to secure its interest. NDA can executed between a number of professional engagements including but not limited to:business and strategic partner/s
employer and employee
company and independent contractor/ freelancers
company and vendor/supplier/software house
business partners
startup and potential investor
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