A Non-Disclosure Agreement (NDA), also known as a Confidential Disclosure Agreement (CDA) or secrecy agreement, is a legally binding contract between two or more parties that prevents sensitive information from being shared with others. It is commonly used when two parties are considering a relationship or collaboration and wish to restrict the dissemination of non-public information. NDAs are used to protect sensitive information and intellectual property by outlining the details of the information covered and the duration of the confidentiality commitment
. NDAs are important in business relationships, collaborations, and financial exchanges to ensure that sensitive information is not disclosed to unauthorized parties
