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what is a non-disclosure agreement or NDA a non-disclosure agreement or NDA is a contract between a person and another party in which they agreed to keep the information they learn from each other Secret it is also called a confidentiality agreement because the exchange of information is confidential confidential means intended to be kept secret companies with valuable data such as intellectual property sometimes need to present that information to Outsiders because they need their input if the other part is signed an NDA they have effectively promised not to tell anybody what they discuss imagine you need to talk to somebody about an idea you have you want their advice however you dont want them to tell anybody about your idea before discussing anything give them a non-disclosure agreement to sign thousands of ndas are signed every day across the world by business coaches accountants marketing consultants financial advisors Insurance Brokers scientists and even politicians if youre