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A non-disclosure agreement (NDA) is a legal contract designed to protect confidential information shared between parties, such as customers and suppliers. NDAs are commonly used in consulting engagements, service agreements, and strategic alliances. They can exist as standalone documents or as clauses within larger agreements. The NDA restricts the recipient from disclosing confidential information to third parties or the public. Typical confidential information covered includes business and marketing plans, financial data, employee records, and technical research methods. Overall, NDAs are crucial for maintaining the secrecy of sensitive information in various business contexts.
