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A non-disclosure agreement (NDA) is intended to safeguard confidential information shared between parties such as customers and suppliers. NDAs are essential during consulting engagements, service agreements, or strategic alliances. They can exist as standalone agreements or as clauses within larger contracts. The NDA obligates the recipient of confidential information to prevent its disclosure to third parties or the public. Commonly protected information includes business and marketing strategies, financial data, employee and contractor lists, business procedures, and technical research and development.