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Nondisclosure agreements (NDAs) are legally binding documents that require individuals to keep specific information confidential. This video tutorial focuses on NDA requirements in Rhode Island, including what to include and where to find a state-specific template. NDAs, also known as confidentiality agreements, protect business secrets—such as new ideas, finances, and software—from competitors. Many businesses recognize the importance of confidentiality, leading to widespread use of NDAs in the workforce, with about a third of U.S. employees bound by them. NDAs are typically utilized with employees, subcontractors, potential investors, and others who access sensitive information. The video also touches on two types of NDAs: unilateral NDAs.
