A non-disclosure agreement (NDA) (also referred to as a confidential disclosure agreement or CDA) is an agreement that is put in place when parties wish to have a discussion involving confidential information. NDAs are frequently put in place when two parties are considering pursuing a relationship together and need to understand the other's confidential processes, methods, or technology for the purpose of evaluating the potential for a collaboration, licensing, research, sponsorship, or other business relationship. NDAs are an important tool that can address
- Publication rights
- Ownership of information
- Intellectual property issues
NDAs are also critical to protect the ability to patent an invention.