What is a Confidentiality Agreement

A confidentiality agreement is a formal contract that binds two or more parties together. A confidentiality agreement is also referred to as a non-disclosure agreement (NDA) which keeps certain information. A confidential agreement is necessary especially in the cases of new inventions. According to the confidentiality agreement, the party that receives information regarding an innovative idea agrees not to share or disclose any information without the knowledge and the permission of the invento

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