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In the technology world, a nondisclosure agreement is a common form of legal control used when organizations exchange sensitive information. It is common for vendors to request corporate customers to sign nondisclosure agreements before sharing their technology. However, organizations should carefully consider the implications of signing a nondisclosure agreement that favors another party. By signing, organizations agree to keep sensitive information confidential and not disclose it to unauthorized individuals, as well as not use it within their organization without permission.
