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Non-Disclosure Agreement

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Draft the Ultimate Non-Disclosure Agreement Only with Digitronic

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Our lawyer-drafted NDA ensures that your data is safeguarded.

Step-2

The first draft will be shared with you in no time.

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Our aim is to provide you with the best legal contracts at the most affordable prices.

An Overview

A non-disclosure agreement (NDA) is a legal contract that states certain information to be confidential and the extent to which its disclosure is restricted to third parties. It can be entered into with a person or an organization. Confidential information includes trade secrets, business plans, business methods and strategies, drawings, charts, and so on. Software programs and code are also included in the category of confidential information. Consultants and agencies are usually asked to sign one to protect trade secrets as they mostly work with multiple organizations within the same industry.

Types of Non-Disclosure Agreements

Confidential information includes trade secrets, business plans, business methods and strategies, drawings, charts, and so on.

  • One-way or unilateral agreement -
    Here, only one party has the confidential information to be shared with another party. The party in possession is called the ‘disclosing party’ and the other one is named the ‘receiving party’.
  • Two-way or bilateral agreement -
    Here, two parties are involved and both have the confidential information to be shared.
  • Multilateral agreement -
    Here, 3 or more parties are involved. One of them discloses sensitive or confidential information and the others promise to protect such information from further disclosures.

Benefits of a Non-Disclosure Agreement

  • Protects Business Secrets An NDA is one of the most common ways to protect trade secrets and other confidential information. Consultants and agencies are usually asked to sign one to protect trade secrets.
  • Enhances Client Relationships Businesses that work on third-party projects require their employees to sign NDAs, to restrict the use and disclosure of confidential information, and assure clients that their data is safe.
  • What Should a Non-Disclosure Agreement Include? A valid non-disclosure agreement should include the following key provisions-
  • The PartiesThis section will mention if the nondisclosure agreement is a unilateral, bilateral, or multilateral one. The details of the party/parties (names, addresses, etc) involved should be mentioned in this part.
  • Term of the Agreement The nondisclosure agreement template must mention the date of execution of the agreement and the duration of the existence of the same. It should also mention if the rules and obligations related to disclosure of information will be applicable after the expiry of the nondisclosure agreement or not.
  • Confidential Information The non-disclosure agreement format must specify what information is to be kept in the ‘confidential’ category or to be protected.
  • Disclosure of ConfidentialityThis section of the non-disclosure agreement specifies the intentions for which the confidential data/information will be used. It will also specify with whom such information can be shared.
  • Dispute ResolutionThe non-disclosure agreement must mention the remedial measures the parties will resort to, to resolve disputes, if any. It will include alternative forms of dispute resolution they may choose to employ, such as arbitration.

Process of Preparing a Non-Disclosure Agreement at Digitronic

  • Step 1: Once you send in a request, our representative will get in touch with you to understand your requirements
  • Step 2: If we require more details, we will contact you for the same
  • Step 3: Once these are received, we will work on the request and send the non-disclosure agreement format for your review within 3 to 4 working days
  • Note: In case you would like any changes to the non-disclosure agreement format, our lawyers will work on them. Two rounds of iterations are included in the original price.

    • FAQs on Draft the Ultimate Non-Disclosure Agreement Only with Digitronic

    Companies and startups use these confidential documents to ensure that their ideas, strategies, and other forecasts won't be stolen by the people they are negotiating or working with.
    Confidential Information is the information that the disclosing party wants to keep from sharing with any person other than the party or parties to the Non Disclosure Agreement. All the data/information which is considered as ‘Confidential’ shall be included in the ‘Confidentiality Clause’ of the non-disclosure agreement to avoid any kind of confusion or misuse of the data/information.
    NDAs can be entered into by any individual, society, corporate bodies and anyone who is referred to as a person or separate legal entity in the eyes of law, who is willing to disclose and/or receive some confidential information to and/or from the other party to the agreement.
    When a party discloses any valuable information/data, in a physical or electronic form to the other party, to avoid any leakage of such valuable information/data and to transfer the same in a secured manner the non-disclosure agreements are made. Thus, non-disclosure agreements are very useful while sharing confidential information with the other party in a secured way so as to avoid any unlawful activity.

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