A Non-Disclosure Agreement (NDA) is a contract where parties agree not to share specified confidential information. It is standard before sharing business plans, product details, or client data.
Mutual vs One-Way
Mutual NDAs bind both parties. One-way NDAs bind only the receiver. Freelancers receiving client data typically sign one-way NDAs in the client's favour.
Key Clauses
Definition of confidential information, exclusions (publicly known data), duration, permitted disclosures (legal requirements), and return/destruction of materials.
Limitations
NDAs cannot protect information that is already public or independently developed. They are not a substitute for patents or trademarks.
Conclusion
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