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In the technology sector, nondisclosure agreements (NDAs) are commonly used to protect sensitive information exchanged between organizations. For instance, a vendor may require a corporate customer to sign an NDA before reviewing technology for potential licensing. Enterprises should carefully evaluate such agreements, as signing an NDA entails obligations, including safeguarding disclosed information from unauthorized access and not using it without permission. These agreements carry risks and responsibilities, making it essential for organizations to consider the implications before agreeing to their terms.
