About Non-Disclosure Agreement
Non-Disclosure Agreement (NDA), also known as a confidentiality agreement (CA), confidential disclosure agreement (CDA), proprietary information agreement (PIA) or secrecy agreement (SA), is a legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties.
A Confidentiality Agreement (or Confidential Disclosure Agreement, CDA) and a Non-Disclosure Agreement (or NDA) are essentially the same thing. Both are trying to protect private or confidential information from becoming public or more widely known.
What is the difference between a Confidentiality Agreement and a Non-Disclosure Agreement?
A Confidentiality Agreement (or Confidential Disclosure Agreement, CDA) and a Non-Disclosure Agreement (or NDA) are essentially the same thing. Both are trying to protect private or confidential information from becoming public or more widely known. The terms (and the agreements) are interchangeable but in practice they are used in slightly different circumstances What is the difference between a Confidentiality Agreement and a Non-Disclosure Agreement?
Confidentiality Agreement is used when a higher degree of secrecy is required.
Confidentiality Agreement is more frequently used in employment or personal situations.
Non-Disclosure Agreement is more frequently used in third party or startup situations.
Non-Disclosure Agreement is used when the obligation is one-way (or unilateral).
Non-Disclosure Agreement or NDA is more commonly used in the US.
Despite there being subtle differences in when the two terms (Confidentiality Agreement and Non-Disclosure Agreement) are used, in practice there is no difference between these two agreements and the terms are interchangeable. Ultimately, whether you choose to use a Confidentiality Agreement or a Non-Disclosure Agreement, you will have the same protection.
Procedure:
A well efficient lawyer from our team shall contact you, and explain you the total process, and will understand the need of Confidentiality Agreement and Non-Disclosure.
Once the objectives of the Confidentiality Agreement and Non-Disclosure are clear, the lawyer shall draft a sample of Confidentiality Agreement and Non-Disclosure
The draft of Confidentiality Agreement and Non-Disclosure shall be sent to you, for your review.
Once you approve it, it shall be served to the other party.
The whole process takes around 2-4 working days.