What Is Non Disclosure Agreement Mean

Such agreements are also often required of new employees if they have access to sensitive information about the company. In such cases, the employee is the only party who signs the contract. But they were originally designed to keep trade secrets out of the hands of competitors, and that`s still their main function. When drafting a non-disclosure agreement, consider all individuals and organizations who work for or on behalf of the named parties and who may access confidential information. Some NDAs restrict access to certain groups of people, such as lawyers or consultants, to minimize the risk of third parties receiving them. Companies use non-disclosure agreements to keep private information confidential. .