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Non-disclosure agreements (NDAs) are legally binding contracts that mandate confidentiality regarding sensitive information. This video discusses NDAs in Arizona, covering requirements, essential components, and where to find state-specific templates. NDAs, also known as confidentiality agreements, protect business secrets—such as ideas, finances, and software—from being disclosed, especially to competitors. Many businesses have historically recognized the importance of confidentiality, leading to extensive use of NDAs, with about a third of the U.S. workforce bound by them. NDAs are typically signed by employees, subcontractors, and potential investors. There are two types of NDAs, with unilateral NDAs being the more common form.
