What is nda: One-way NDA

One-way NDA: One party shares sensitive details, and the other agrees to keep it private (also called a unilateral NDA). Group NDA: Covers multiple parties exchanging information—useful when several businesses or individuals are collaborating. An NDA or non-disclosure agreement is a binding contract between two or more parties that prevents sensitive information from being shared with others. Enforcement and Remedies The NDA delineates the remedies available in the event of breach, including injunctive relief, monetary damages, and indemnification, to ensure accountability and deterrence. FAQs About Non-Disclosure Agreements (NDA) What is the purpose of an NDA? A Non-Disclosure Agreement (NDA) or confidentiality agreement is a legally binding contract between two parties in which one party shares confidential information and the other agrees to protect it. NDAs are most often utilized to safeguard sensitive information trade secrets, client information, financial data, proprietary software, product designs, and others. By signing this agreement, the receiving party agrees not to disclose, share, or make improper use of the confidential information ...