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Nondisclosure agreements are common in the technology world, where organizations exchange them regularly. These agreements are often used when a vendor wants a corporate customer to review their technology for potential licensing. Enterprises should carefully consider the implications of signing a nondisclosure agreement that heavily favors the other party. By signing, the organization agrees to keep any sensitive information confidential and not use it without authorization. It is important for enterprises to fully understand the terms and potential risks before signing such agreements.
