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A Nondisclosure Agreement form is a document that specifies the confidentiality of ideas, materials or information in question. For example, if you have a business project that is not yet public and want to work with a third-party company to help you, you can have the third-party company sign a standard Nondisclosure Agreement to keep your project secret.
A Nondisclosure Agreement gives a specific scope, time frame and penalty breakdown for each party in the agreement. It's a legally binding contract that will hold up in a court of law. If you operate without a Nondisclosure Agreement, you are risking losing information that you may be vital to the success of your business.
You can create a fully customized Nondisclosure Agreement in minutes on RocketLawyer.com. Many other essential business legal forms are also available.
|Jennifer Mathes, Ph.D.|