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A non-disclosure agreement (NDA) is used to protect confidential information shared between parties such as customers, suppliers, and other entities. It should be utilized in consulting engagements, service agreements, and strategic alliances. This agreement binds the recipient of secret information from disclosing it to third parties or the public. Types of confidential information include business and marketing plans, financial data, employee lists, and technical research. NDAs can be stand-alone documents or clauses within larger agreements, depending on the situation.
