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What is a Non-Disclosure Agreement?

A Non-Disclosure (NDA) is a confidentiality agreement that is used to prohibits one party from disclosing protected information (proprietary business information or trade secrets) to any outside parties. If the party violates the non-disclosure agreement, they can be responsible for damages. A non-disclosure agreement is typically paired with a non-compete agreement that prohibits one party from working in similar or the same industries for a certain period after the termination of the employment relationship.

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