non-disclosure agreement


A contract that restricts the disclosure of confidential information or proprietary knowledge under specific circumstances. Non-disclosure agreements are often signed by companies discussing a potential partnership, or can be required by employers so that employees do not divulge confidential information about the company to non-employees. A non-disclosure agreement will usually contain very specific information, typically including exactly what type of information can not be shared, and then exceptions for when this information is allowed to be shared.
A non-disclosure agreement usually lasts for a pre-determined length of time, which is generally specified within the agreement.

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The non-disclosure agreement was signed so the employee had some limitations with how he could use his knowledge for gaining wealth.

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Non-disclosure agreements are common in the video game industry where reviewers can make or break pre-order quantities as well as launch date sales.

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A person or company can use a non-disclosure agreement to protect specific information, an example would be if a company had to use the services of an outsider and they would have access to sensitive information, they would draw up a non-disclosure agreement contract that assures the outsourced professional will not share the certain information.

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nondepository financial institution non-compete agreement