Free Non-Disclosure Agreements

A Non-Disclosure Agreement (also called a “Confidentiality Agreement”) is a contract that outlines private information that will be shared between two (2) parties, with the purpose of restricting one or both parties from sharing the learned information with non-sanctioned individuals. Typically used in business situations, the agreement can be an extremely useful tool when used in the right circumstances. Common types of secrets protected by an NDA include business plans, recipes, designs, commercial methods, or practices. Essentially, anything that gives a company an economic or strategic advantage over another can be considered a trade secret worth protecting.

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Types of NDA’s

Generally speaking, there are two common types of NDA’s. They are as follows:

Unilateral Agreement (one-way contract) – In this method, only one party will be disclosing the private information (typically called the “Disclosing Party”) and the other individual or company (the “Receiving Party”) will be learning it. This is the most popular type of agreement, and is used when companies hire new employees, for companies sharing their business plans, for doctors protecting their patient’s information, and many more.

Bilateral Agreement (two-way contract) – Here, both parties receive and disclose confidential information to each other. While less common than a Unilateral Agreement, it is most commonly used in the business world, for situations such as mergers or for fostering trust between two companies conducting business.

Non-Disclosure Agreements