Friday, 14 April 2017

Key Elements of a Non-Disclosure Agreement

An NDA or a Non-Disclosure Agreement is a contract employed by industries to protect inventions, designs and other materials, they deem to be confidential. Stated simply, signing an NDA is the legal equivalent of keeping a secret. However, the liabilities associated with the violation of an NDA are quite severe as compared to the breach of a verbal agreement.

NDAs can help your business protect several entities such as trade secrets, schematics for a new product and private client information. They are also considered indispensable for businesses that depend on commercialisation of intellectual property.

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