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A non-disclosure agreement (NDA) serves to protect confidential information shared between parties, such as customers and suppliers. NDAs are essential in settings like consulting engagements, service agreements, and strategic alliances. They can be standalone documents or included as clauses in broader agreements. An NDA restricts the recipient from disclosing sensitive information to third parties or the public. Typically, confidential information encompasses business and marketing plans, financial data, employee and contractor records, business methods, and technical research and development.
