A legally binding written contract between two parties is called a non-disclosure agreement, or NDA. The party signing the NDA acknowledges that the information given with them will remain confidential and will not be shared with third parties. An alternative name for it is a confidentiality agreement. NDAs are frequently used in business processes when a new client joins an organization and receives a service that requires the client’s data or information.
For instance, the customer’s database may be required for the implementation of CRM software in this scenario, the service provider signs and gives the client the NDA. In addition to protecting the information, it recognizes their legal trust in one another. To safeguard the private information of their employers, several companies additionally require their employees to sign an NDA.
