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Nondisclosure agreement definition

What is a mutual nondisclosure agreement? 
A nondisclosure agreement (NDA) - sometimes called a confidentiality agreement - is a contract in which the parties promise to protect the confidentiality of secret and proprietary information disclosed during any business transaction or relationship, including employment.

NDA’s are widely used and should be anticipated. Generally, it does not matter who furnishes the NDA as long as it contains the basic elements to limit disclosure. 
Brain Trust contributor: Editor, Streetwise Small Business Book of Lists
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