A non-disclosure agreement (NDA) is a legal contract executed between two parties or signatories who are expected to be involved in any exchange of highly critical intellectual, conceptual or technological property.
Whereas, the contract is a legal binding that enforces all the related laws and covers both the parties against each other if the same is not executed on merit.
A typical non-disclosure agreement helps both the parties be covered against each other for passing on this information to any other party intentionally or unintentionally.
It can lead to unacceptable wastage of time material cost and a significant setback for any technology company.
Business is a critical operation involving a lot of money and innovation from both end-parties.
It is always advisable to get into an adequately signed non-disclosure agreement before discussing or initiating any meetings over a specific concept or a new campaign.