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Non-Disclosure Agreement (NDA)
Protect your trade secrets and other confidential information with a Non-Disclosure Agreement (NDA) written by our top attorneys!
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You can keep all of your trade secrets and business data safe and secure by employing an NDA, or Non-Disclosure Agreement, which is a legal contract that specifies what information can be shared and with whom. Our legal experts will draft the ideal NDA for your organization.
A non-disclosure agreement (NDA), sometimes known as a confidentiality agreement, is a written contract between two parties (individuals or organizations) that forbids the revealing of confidential/sensitive information disclosed to them. If a corporation invites someone to sign an NDA, whether mutual or unilateral, they agree to keep any sensitive information supplied with them confidential and not disclose it with others.
To avoid legal, financial, or other problems, any organization must have strict and explicit NDA procedures in place. Licit 360 has a specialized team of professionals who will assist you in drafting the ideal NDA agreement based on your needs and preferences. Don’t delay to keep your organization secure and safe. Please contact us today.
Benefits
Protects sensitive information
Protects new ideas/services.
Maintain Rights
Ensures clarity.
Prevents information leakage.
Protects the company's image.
Limited information sharing
Maintain Trust and Comfort.
Preserve Business Relationship
Cost-Efficient
Outline the consequences.
Registration Process
- Our legal experts will analyze all of the documents you submit to reduce the possibility of erroneous or misleading information and help the process run smoothly.
- Our top Import-Export professionals are ready to assist you with document needs and license requirements.
- The lawyers will proceed with your documentation to apply for your NDA agreement.
- Our lawyers will draft your NDA Agreement as soon as possible, which you can download from Licit 360’s website or app.
It is preferable to wait until our expert contacts you to let you know about the creation of your NDA agreement.
FAQs
The goal of an NDA is to protect the information shared between one or more parties. An NDA is a legally binding agreement if all parties involved sign it. It restricts the sharing of confidential/sensitive information with third parties (or those unwilling to sign it).
If your company is registered, you can print the contract on letterhead. However, if you are an individual, you should execute this agreement on stamp paper of the prescribed value in your state.
Yes, both/all parties should sign the nondisclosure agreement
A non-disclosure agreement is also called:
Confidential Agreement (CA).
Confidential Disclosure Agreement (CDA).
Secrecy Agreement (SA).
Proprietary Information Agreement (PIA)
When one party communicates secret and valuable information to the other party under a Non Disclosure Agreement, the party receiving the information is referred to as the "Receiving Party".
Yes, you can include a clause in the Non Disclosure Agreement with the other party's prior consent.
There are three types of non-disclosure agreements:
Unilateral NDA
Employee NDA
Bilateral NDA
Multilateral NDA
The value of stamp paper varies by state in India. The value of the stamp paper can be determined by the state in which it is being executed. The state government website lists the value of Stamp Paper/Stamp Duty payable.
- A Non Disclosure Agreement With Witness includes a 12-year statute of limitations for bringing a breach of agreement claim in court. In the case of an agreement without a witness, however, the limitation period is six years.
- The Limitation term is the legally defined term after which a court of law will not hear any legal action.
The Non Disclosure Agreement itself consists of penalties for breaching the agreement. However, you have not specified any penalties in the agreement. Nonetheless, it is plainly stated that a person who violates a contract may be sued for such wrongdoing.