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A non-disclosure agreement (NDA) is designed to protect confidential information shared between parties, such as customers and suppliers. NDAs are essential in various engagements, including consulting, service agreements, and strategic alliances. They can be freestanding or included as clauses in broader contracts. The NDA obligates the recipient to keep the disclosed information secret and not share it with third parties or the public. Typically, confidential information encompasses business and marketing strategies, financial data, employee records, operational methods, and technical research and development details.
