Non Disclosure Clause

What is non disclosure clause?

A non-disclosure clause, also known as a confidentiality clause, is a legal provision in a contract or agreement that aims to protect sensitive and confidential information. It ensures that the parties involved in the agreement cannot disclose or share the information with third parties without the explicit consent of the disclosing party.

What are the types of non disclosure clause?

There are two main types of non-disclosure clauses: 1. Unilateral Non-Disclosure Agreement (NDA): This type of clause is commonly used when only one party is sharing confidential information with another party, such as when a company shares trade secrets with a potential investor or employee. 2. Mutual Non-Disclosure Agreement (MNDA): In this type of clause, both parties agree to keep each other's confidential information private. It is typically used when two parties are considering a business collaboration or partnership.

How to complete non disclosure clause

Completing a non-disclosure clause is a straightforward process. Here are the steps to follow:

By following these steps, you can ensure that the non-disclosure clause effectively protects the confidential information shared between the parties involved in the agreement.