A legally binding contract that protects confidential information from being shared.

A Non-Disclosure Agreement (NDA) is a legally binding contract between two or more parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to or by third parties. It is a contract through which the parties agree not to disclose information covered by the agreement. The NDA creates a confidential relationship between the parties, typically to protect any type of confidential and proprietary information or trade secrets. As such, an NDA protects non-public business information. In terms of product management, an NDA is used to protect sensitive product information from being shared with competitors or other third parties. This includes details about product features, pricing models, customer data, and other proprietary information related to the product. An NDA can also be used to protect intellectual property rights associated with a product such as patents and trademarks. NDAs are often used when companies are working together on a project and need to share confidential information in order for it to be successful.