Typically, an NDA will expire after a certain period of time, such as one (1) to three (3) years. The person or company receiving information is bound from disclosing it to any third parties unless explicitly permitted in the contract. By StateĪ non-disclosure agreement is a form used for safeguarding a company’s proprietary information that is both valuable and generally unknown to the public. The form is commonly used in business settings to encourage cooperation without the risk of vital information getting into the wrong hands. The contract identifies the type of info that must be kept secret, how long the recipient of the information must abide by the NDA, and what the recipient gains in exchange for signing the agreement. A non-disclosure agreement, or “NDA,” is a document used for preventing the sharing of confidential information.
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