A non-disclosure agreement or a confidentiality agreement, a confidential disclosure agreement proprietary information agreement or secrecy agreement is a legal contract or part of a contract between at least two parties that lay out confidential information, knowledge, or material that the parties intend in sharing with one another for specific purposes.
A non-disclosure agreement is a legally binding contract which establishes a confidential relationship. The party or parties signing the agreement agree that sensitive information which will not be made available to any others. It is also treated as a confidentiality agreement. Non-disclosure agreements are essential for businesses entering into negotiations with other businesses. They authorize the parties so that they can share sensitive information between themselves without fear that it will end up in the hands of competitors.
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