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A non-disclosure agreement (NDA) protects confidential information shared between parties, such as customers and suppliers. It is essential when entering consulting engagements, service agreements, or strategic alliances. NDAs can be standalone documents or clauses within larger agreements. They prevent the recipient of confidential information from disclosing it to third parties or the public. Commonly protected information includes business and marketing plans, financial data, employee records, and technical research. NDAs ensure that sensitive information remains secure and confidential during and after partnerships, safeguarding the interests of the parties involved.