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A non-disclosure agreement (NDA) is designed to protect confidential information shared among individuals or companies, such as customers and suppliers. NDAs should be used when entering partnerships, consulting engagements, or service agreements. They can be standalone documents or part of larger contracts. An NDA restricts the recipient from disclosing confidential information to third parties. Commonly protected information includes business strategies, financial data, employee records, operational methods, and technical research. The purpose of an NDA is to ensure the confidentiality of sensitive information during various types of business engagements.
