A non-disclosure agreement (NDA), also known as a confidentiality agreement, is a legal contract where you and another party agree not to disclose information that you have shared for a specific purpose.
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. 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.
This guide explains the different types of non-disclosure agreements. It tells you about the templates you can use and shows you how to write your own contract, should you need one tailored to your specific circumstances.
Finally, it highlights issues that you need to bear in mind when preparing and negotiating the terms of a non-disclosure agreement.