Important things you need to know about Non Disclosure Agreement-Enterslice

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Non Disclosure Agreement
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Requirements for Non Disclosure Agreement in India

• Non Disclosure Agreement is an agreement in which
  one or more parties to an agreement agree not to
  disclose the confidential information
• NDAs are typically signed at the beginning of a
  business relationship.
• Non Disclosure Agreement is a confidential
  document, being a legal contract between two
  parties which outlines confidential material

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Kinds of Non Disclosure Agreement in India

• A non disclosure agreement may be classified as
  uni, bi or multilateral
• A one-way NDA is used when only one business is
  sharing information
• The other agrees to keep it confidential.
• A two-way NDA (also called a mutual NDA) is used
  when both businesses are sharing confidential
  information with each other
• Want to be sure that neither will disclose their
  trade secrets.

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Advantages of Non Disclosure Agreement

• Protection of Information-A non disclosure
  agreement allows information which can and cannot
  be disclosed to others that each party's
  obligations
• In this way, it provides protection of
  information.
• A well-drafted non disclosure agreement outlines
  the consequences for the ones who breach the NDA
• which are likely to include a hefty monetary fine.

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Secure Your Intellectual Property by Non
Disclosure Agreement

• You must be thinking hard about how to keep your
  unique ideas away from the reach of your business
  accomplices
• The most ideal approach to use your innovative
  property is to impart with the peoples, who can
  bring you profit consequently.
• The non disclosure agreement are generally
  alluded as Confidentiality Agreements.
• They are the types of basic non disclosure
  agreement, which enables you to share the
  intellectual property with others.

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How effective are Non Disclosure Agreement?

• Numerous organizations and business people depend
  on non disclosure agreement to secure their
  competitive ideas, intellectual property and
  financial data,
• For instance, assume you are building up a
  prototype of a new item that will make you a
  little fortune.
• In any case, you have to connect with an advisor
  to prompt you one specific part before you can
  finish the model.
• You may solicit the advisor to sign your non
  disclosure agreement to guarantee he or she
  doesn't uncover your secret data to your rivals.
• As we all are aware that these are legal
  contracts and are valuable.
• If any dispute occurs you can ask the court to
  settle the dispute and make the correct decision.

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