nondisclosure agreement

nondisclosure agreement
A legally binding contract (also known as an NDA or confidentiality agreement) in which a person or business promises to treat specific information as a trade secret and not disclose it to others without proper authorization. Nondisclosure agreements are often used when a business discloses a trade secret to another person or business for such purposes as development, marketing, evaluation, or securing financial backing. A nondisclosure agreement will not protect trade secrets if the trade secret owner has not taken reasonable steps to keep the information secret.
Category: Patent, Copyright & Trademark → Trade Secrets

Nolo’s Plain-English Law Dictionary. . 2009.

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  • nondisclosure agreement — UK [ˌnɒndɪsˈkləʊʒə(r) əˌɡriːmənt] US [ˌnɑndɪsˈkloʊʒər əˌɡrimənt] noun [countable] [singular nondisclosure agreement plural nondisclosure agreements] business …   Useful english dictionary

  • nondisclosure agreement — UK [ˌnɒndɪsˈkləʊʒər əˌɡriːmənt] / US [ˌnɑndɪsˈkloʊʒər əˌɡrɪmənt] noun [countable] Word forms nondisclosure agreement : singular nondisclosure agreement plural nondisclosure agreements business an agreement that employees who have just joined a… …   English dictionary

  • nondisclosure agreement —    A legally binding contract under which a party promises to treat specific information as a trade secret and not to disclose it to others unless authorized to do so. A business may need to reveal a trade secret to another person or business for …   Business law dictionary

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