Non-disclosure Agreement: All You Need to Know
In business, trust can come at a very high price. A co-founder could sell your business idea and an employee could sell your code. But that’s why we have #non-disclosure #agreements.

What is a non-disclosure agreement?

An #NDA is a contract which can be enforced in a Court of law, in which either one party agrees not to disclose certain information that is being shared by the other.

Typically, it is signed by business owners or managers with their vendors, employees, suppliers or any independent contractor.
Can you elaborate more on who needs an NDA?

It would be better to offer 2 examples.

Example 1: A #business that wants to ensure the safety of its software code, while it is hiring a software engineer to build the code for it.

Example 2: A supplier who is supplying some product or service to the business, and has detailed knowledge of the way in which the business operates.

What is excluded in an NDA?

Any information that is public at the time of its disclosure by the party is not covered by the NDA.

What all can I include in my NDA?

There is no format to a legal document.

It should merely state the requirement of the parties, such as the kind of information that is to be kept confidential and the time frame for which it must be secret.

Without printing on a Stamp Paper, is this Agreement valid?

Yes, the Agreement is valid even if it is printed on the letterhead or official paper of your organisation.
How long will the process of preparing the document take?

Typically, preparing this document takes 3 business days, owing to the customization and personalisation needed.

Get this service online @ https://vakilsearch.com/non-disclosure-agreement-nda

Vakilsearch - We Make Legal Simple.
We are a technology-driven platform organising the professional services industry in India. Our services cover all the #legal needs of #businesses, such as #incorporation, #government #registrations & #filings, #accounting, #documentation and #annualcompliances. We also offer a wide range of services to #individuals, such as #property #agreements and #tax filing. Our mission is to provide one-click access to individuals and businesses for all their #legal & #professional needs.

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