Guide

Non-disclosure agreements

Introduction

A non-disclosure agreement (NDA), also known as a confidentiality agreement, is a legal contract between you and another party not to disclose information that you have shared for a specific purpose.

You can use an NDA to protect your ideas or invention when you need to discuss them with potential investors, manufacturers, partners, business advisers and other third parties.

NDAs can cover valuable business assets, such as trade secrets, technical drawings and designs, mathematical and chemical formulae, business plans, and customers and prospect lists.

This guide explains NDAs, their key terms and their impact, and highlights issues that you need to bear in mind when preparing and signing an NDA.