What is a non-disclosure agreement and what does it do?
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What is a non-disclosure agreement and what does it do?
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Asked on April 29, 2017 under Business Law, Alaska
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
A non-disclosure (or confidentiality) agreement is a contract that lists the types of business information, material or knowledge that a company will share with a particular individual/entity but wants to keep restricted from access by 3rd parties. A non-disclosure agreement also includes specific obligations of those signing the agreement and the consequences for breaking the agreement.
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