NON-DISCLOSURE AGREEMENT
A Non-Disclosure Agreement or NDA is an agreement that binds the signatories to maintain confidentiality of some information shared between the parties to the agreement. It also sets out the extent to which such information may be disclosed to a third party. Safeguard your business’s future today by getting your Non-Disclosure agreement drafted from LegalUp.
What are the information and documents required?
Information to be provided by the party:
- Relevant details of the parties involved
- Relevant details of the subject-matter of the NDA
How does this service work & Why do you need it?
Non-Disclosure Agreements (NDAs) are entered into when one party shares valuable information or data, whether in physical or electronic form, with another party. These agreements serve the purpose of safeguarding such valuable information or data against unauthorized disclosure and ensuring its secure transmission. As a result, NDAs play a crucial role in securely sharing confidential information with the other party, effectively mitigating the risk of unlawful activities.
Why LegalUp?
At LegalUp we understand your requirements and make an agreement according to your needs. This ensures that the NDA aligns with your unique circumstances and adequately safeguards your confidential information. Let us make drafting a fool-proof NDA a seamless experience for you.
Questions You May Wonder?
With the worldwide pandemic, a number of industries have been negatively impacted, both in the short term and the long term.
Confidential information refers to any data or knowledge that is not widely known to the public. It is up to the disclosing party to specify what information falls under this category, which can be protected by a non-disclosure agreement (NDA).
No, it is not mandatory to get a non-disclosure agreement notarized.
Yes, it is mandatory to get an NDA stamped.
The validity of an NDA is specified in the agreement. In case it is not mentioned in the agreement then it may vary from several months to several years. The deciding factor as to how long it will extend depends on the nature of the information shared and the purpose for entering into the agreement.
Yes, a Non- Disclosure agreement is legally binding and a person can file a suit in case any term of the agreement is violated.
