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A non-disclosure agreement (NDA) is designed to protect confidential information shared between parties, such as customers, suppliers, and collaborators. It should be used during consulting engagements, service agreements, and strategic alliances. NDAs can be standalone documents or included as clauses in broader agreements. They bind the recipient of sensitive information from disclosing it to third parties or the public. Commonly protected information includes business and marketing plans, financial projections, employee lists, business methods, and technical research.