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non-disclosure agreements or ndas for short are legally binding documents that require people to keep certain information of themselves in this video well cover non-disclosure agreements requirements in michigan what to include and where to get a state-specific template first lets get into a little more detail about ndas in general an nda also called a confidentiality agreement protects a company organization or individuals business secrets from getting out into the open and especially into competitors hands secrets come in the form of new ideas finances software and any other sensitive information many businesses have learned the hard way that things need to be kept close which is why ndas are so common in todays workforce in fact about a third of the us workforce is bound by an nda ndas are commonly used on employees subcontractors potential investors and anyone else that gains access to sensitive information there are two types of ndas unilateral ndas are more common and typical
