What Every Entrepreneur Needs to Know About Nondisclosure Agreements

As a company grows and develops new ideas, processes, and products, it’s essential to keep trade secrets private. In the tech world especially, where new products can take off quickly or fail miserably almost overnight, protecting sensitive information is even more important. A nondisclosure agreement (NDA) is a contract in which one party agrees not to disclose confidential information provided by the other party. NDAs are commonly used in business dealings to protect proprietary information and keep competitors in the dark about strategic plans and ideas. An NDA helps establish trust between two parties while ensuring that certain information remains […]