Non-Disclosure Agreement


Overview

In business, there are numerous instances when a party (Disclosing Party) may want to share confidential information with the other party (Receiving Party). The Disclosing Party, in such a scenario, would want its confidential information to be adequately protected from disclosure to other parties, especially it is business competitors. One common way to protect the confidential information given to the other party is through the use of a Non-Disclosure Agreement, which is also referred to as a “Confidentiality Agreement” or “NDA.” Non-Disclosure Agreement is signed between Disclosing Party and Receiving Party prior to the exchange of any confidential information thereby restricting the Receiving Party from disclosing confidential information to any other party. Sabkuch Legal is one of the best in the domain in drafting and reviewing Non-Disclosure Agreements.

Here are some typical situations where you may want to use an NDA:

  • Presenting an invention or business idea to a potential partner, investor, or distributor;
  • Sharing financial, marketing, and other information with a prospective buyer of your business;
  • Showing a new product or technology to a prospective buyer or licensee;
  • Hiring a new vendor.

What to Include in an NDA ?

NDAs may be customized to any degree but there are six major elements that are considered essential:

  • The names of the parties to the agreement
  • A definition of what constitutes confidential information in this case
  • Any exclusions from confidentiality
  • A statement of the appropriate uses of the information to be revealed
  • The time periods involved
  • Miscellaneous provisions

Benefits of Non-Disclosure Agreement

The benefits of NDA are mentioned below:

  • It protects the right of party disclosing any information.
  • It prevents Receiving Party from disclosing confidential information to third party.
  • It is instrumental in preventing occurrence of future conflicts.
  • It facilitates trust between the two parties involved.

Procedure

procedure

Frequently Asked Questions

What is Non-Disclosure Agreement?

Non-Disclosure Agreement (NDA) is signed between Disclosing Party and Receiving Party prior to exchange of any confidential information thereby restricting the Receiving Party from disclosing confidential information to any other party

What is the main benefit of NDA?

NDA keeps confidential information of Disclosing Party secret and confidential.

Is NDA essential for your business?

Yes, it is essential if sensitive and confidential information is exchanged between parties.

How long does it take to draft NDA?

We try our best to complete your task in shortest possible time.

How many years’ experience do we have in drafting NDAs ?

We have subject matter experts drafting your NDAs having many years of experience in drafting the same.

Why Choose Us

Why Choose Us

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