What to Include in an NDA?

Business & Management
#1

NDAs can be modified to any extent, however, there are six key components that must be included:

  1. The names of the contracting parties
  2. In this situation, a definition of what constitutes confidential information.
  3. Any exceptions to the rule of secrecy
  4. A statement describing how the information to be released should be used.
  5. The time periods in question
  6. Provisions of a different nature
#2

A non-disclosure agreement or NDA is a written contract between two parties (people or organizations) that prohibits the sharing of confidential information shared between both the ends.

This is to prevent any important and confidential information or decision should not be disclosed to any person or organization in any circumstance.

The basic and important content on a NDA are:

  • Definition of Confidential Information
  • Explanation of Purpose for Disclosure
  • The Parties to the Agreement
  • No Disclosure
  • No Use
  • Exclusions from Confidential Information or Limits on Information Deemed Confidential
  • Obligations of Receiving Party