One of the most commonly used contracts covering intellectual property is the nondisclosure agreement.
The NDA
One of the most commonly used contracts covering intellectual property is the nondisclosure agreement. Commonly known under the acronym NDA, it is also referred to as a confidentiality agreement, a confidential disclosure agreement, a proprietary information agreement and a secrecy agreement.
While NDAs will vary in length and complexity, their most basic function is to create a confidential relationship between parties, such that shared confidential and proprietary information will not be disclosed to third parties without prior authorisation. NDAs can be mutual, or they may restrict only one of the signatories.
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NDA, confidentiality agreement
