Non-Disclosure Agreements

A Non-disclosure agreements (NDAs), or confidentiality agreements as they are alternatively referred to, are agreements that govern what a receiving party may do with protected information received from the disclosing party, who is typically the owner or licensee of the information being disclosed. These agreements describe the nature of the information being disclosed; the purpose for which it is disclosed; the uses to which the information may be put and place an obligation on the receiving party to keep the information confidential for a specified period of time. NDAs are recommended whenever proprietary information is being disclosed that is not publicly available, particularly in instances where information is being disclosed regarding patentable technology for which patent protection has not yet been sought.