What is the definition of NDA?
A) It's a synonym for 'Terms and Conditions'
B) It's a type of job contract
C) Legal contract that prohibits someone from sharing confidential information
Answers
A non-disclosure agreement (NDA), sometimes referred to as a confidentiality agreement, is a written contract between two parties (people or organizations) that prohibits the sharing of confidential information that has been revealed to them.
A) it's synonym about term and condition :-
Keeping Plans Secret
In all of the above, the information that is being protected may include a marketing strategy and sales plan, potential customers, a manufacturing process, or proprietary software.
If an NDA is breached by one party, the other party may seek court action to prevent any further disclosures and may sue the offending party for monetary damages.
The Non-Mutual Agreement
Such agreements also are often required of new employees, if they may have access to sensitive information about the company. In such cases, the employee is the only party signing the agreement.
The Disclosure Agreement
Increasingly, individuals are asked to sign the opposite of a non-disclosure agreement. For example, a doctor may require a patient to sign an agreement that the patient's medical details may be shared with an insurer.
An NDA is a legally binding agreement; a violation can lead to legal penalties.
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
Defining Miscellaneous
That last "miscellaneous" item might cover details such as the state law or laws that apply to the agreement and which party pays attorney fees in the case of a dispute.
Templates for non-disclosure agreements and samples of standard agreements are available from a number of legal websites.
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B) Yes
C) read whole paragraph, nd you will understand!