Legal Term
Non-Disclosure Agreement (NDA)
Legal Definition
A legally binding contract that establishes a confidential relationship between parties, where one or both agree not to disclose specified information to third parties.
In Plain English
A contract that says 'keep this secret.' You agree not to share certain information with anyone outside the agreement.
Example in a Contract
The Receiving Party agrees to hold and maintain in strict confidence, for a period of three (3) years following disclosure, all Confidential Information disclosed by the Disclosing Party.
Related Terms
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