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An NDA, or Non-Disclosure Agreement, is a legally binding contract used to protect sensitive information shared between parties. It establishes confidentiality obligations, preventing one party from disclosing or using the information for unauthorized purposes.
For example, in business partnerships, an NDA might be signed before discussing future product or technological developments, to safeguard them from being shared with competitors.
Violating an NDA can result in legal consequences. In essence, NDAs ensure trust and confidentiality in various contexts, such as during mergers and acquisitions, product development collaborations, or employee agreements, preserving the integrity of sensitive information.
