What is Non Disclosure Agreement?
A ‘Non Disclosure Agreement’ or a ‘Confidentiality Agreement’ is a legal contract between the employee and the employer that bars the employee from revealing any important information related to the work and data to anybody outside of the company.
One an employee joins a company, they would be asked to sign the Non Disclosure Agreements or NDA as part of their onboarding process. This assures the company that they will not be able to share the company secrets with their competitors.
NDAs can also be signed between two companies that collaborate together for a common project. This NDA would allow both the companies to share sensitive data with each other without any risk. In such cases the NDA is referred to as a ‘Mutual Non Disclosure Agreement’.