These are only a few examples of the types of information you wish to keep confidential under the protection of your NDA. Step 2 – Confidential InformationĪfter the Parties have been established, specify what the Non-Disclosure Agreement protects confidential information.Ĭommon examples of NDA-protected confidential information include: Trade secrets Notice that the sample NDA clause also specifies what transaction or relationship the NDA relates to: An example of where to show the parties involved in our NDA template. Here’s an example of how to start an NDA and establish the Parties to the agreement. In this agreement, both parties serve as the Disclosing and Receiving Parties. At the same time, the “ Receiving Party” is the individual or entity receiving information.Ĭonfidential information has been shared in a mutual NDA (a bilateral NDA). The “ Disclosing Party” is the individual or entity sharing information. Start your NDA by establishing the “ Parties” to the agreement.

Here is a walkthrough on how to create and fill out an NDA, what are the standard clauses you should include, and what they mean: Step 1 – Disclosing and Receiving Parties

Supplementing other agreements (such as a manufacturing agreement).

Hiring employees, freelancers, or contractors.Outline what information is confidential – An NDA classifies exclusive and personal information to avoid confusion.Įxamples of situations when a company uses an NDA:.Protect patent rights – If you intend to share trade secrets, you must take reasonable steps to protect their confidentiality.To protect sensitive information – If you or your company need to protect sensitive data, you can use an NDA, so participants are legally bound not to divulge or release the information to other parties.What is the Purpose of a Non-Disclosure Agreement?Ī Non-Disclosure Agreement aims to prevent confidential information from being publicly disclosed or used by any parties you share information with.Ī signed NDA sets the legal framework to protect intellectual property and information from being stolen, sold, or shared with third parties, such as business competitors.

How to Write a Non-Disclosure Agreement.

What is the Purpose of a Non-Disclosure Agreement?.

Secure your business secrets while collaborating with freelance professionals.

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