What Is a Non-Disclosure Agreement?

An agreement governing the disclosure, use and protection of confidential information between parties.

What Does Non-Disclosure Agreement Mean?

An NDA is a contract used when one party shares confidential information with another, such as during negotiations or a business relationship. It defines what is confidential and how it may be used.

Why It Matters

NDAs protect sensitive business, technical and commercial information. A well-drafted NDA makes the boundaries of the arrangement clear before information is shared.

Related Information

Related legal terms: Confidentiality, Contract

Related practice area: Corporate & Commercial Law →

Dealing With a Related Matter?

This explanation is a general starting point. If the term matters in a specific situation you are facing, a conversation about your facts can help you decide the right next step.

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This definition provides general information and does not constitute legal advice. Laws change, and their application depends on the facts of a matter. For advice on your specific situation, consult a qualified lawyer.