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A non-disclosure agreement (NDA) is designed to protect confidential information exchanged between parties, such as customers and suppliers. NDAs are utilized in consulting engagements, service agreements, and strategic alliances. They can be standalone documents or included as clauses in larger contracts. The NDA prohibits the recipient of sensitive information from sharing it with third parties or the public. Commonly protected information includes business and marketing plans, financial projections, employee and contractor details, business methods, and technical research. The goal is to maintain confidentiality and safeguard valuable information from unauthorized disclosure.
