What does "NDA" represent in business agreements? 🔊
"NDA" represents a Non-Disclosure Agreement, a legally binding contract that establishes a confidential relationship between parties. This agreement typically protects sensitive information from being shared or disclosed to unauthorized individuals or entities. NDAs are commonly used in various contexts, including business partnerships, employee contracts, and collaborations involving proprietary information. By signing an NDA, parties can engage in discussions or share knowledge without the risk of intellectual property theft or competitive disadvantage.
Equestions.com Team – Verified by subject-matter experts