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What is a Non Disclosure Agreement

There are times in business; you come across various instances wherein you have to share confidential information and sensitive data with another party such as sharing a business idea with a potential investor or a partner or disclose financial information with a third party. As a result, to ensure that the person to whom the information is disclosed is obligated by law to treat the information as secret and not to use it against you or to your detriment. In such circumstances, signing a Non-Disclosure Agreement (NDA) is one option to safeguard your confidential data.

An NDA keeps the information confidential and eliminates any ambiguity between the parties. The confidential information can include any kind of trade secrets, business plans, business methods, programs, algorithms, codes, strategies, or any other information piece of work of information that a person or individual would want to keep confidential for preserving their interests.

Why need a Non Disclosure Agreement ?

Legally Binding
A contract between two or more parties establishes a binding deal in which both sign a covenant and undertakes not to reveal any confidential information to the public.
Ensures Clarity
The parties can specify what constitutes "Confidential Information" under an NDA. As a result, if you're the one releasing sensitive information, you'll want this term to be clear.
Preserves business relationship
Misunderstandings that may otherwise rapidly terminate a business partnership may be prevented if both parties know what confidential information is being safeguarded and what the repercussions are for breaking the Agreement.
Enforce consequences of disclosure
Often, an NDA will state that if the receiving party violates the NDA, the disclosing party will likely incur loss and the reporting party may be entitled to compensation.

Documents / Details we need

Details of Parties
Details of the Parties Involved in the Non-Disclosure Agreement
Purpose of NDA
The purpose for which the confidentiality agreement is made

Important Clauses

Definition of Confidential Information
The entire aim of the agreement is to keep the information confidential and eliminate any ambiguity.
Term of Confidentiality
This clause specifically defines the time period of maintaining confidentiality with the disclosing party.
Legal Remedy
This clause specifies the remedies available to the parties in case of any breach of terms stated in the Non-Disclosure Agreement.
Mandatory/ Legal Disclosure
In the event that the recipient may be legally required to divulge confidential information to a Government Agency or Court of law, he is not liable in such disclosures.
Use of Confidential Information
The intended use of the provided confidential information must be stated explicitly. It should include the names of all third parties who will be handling confidential data.
Area of Jurisdiction
In the instance of a future disagreement between the parties, the NDA must state which court will have jurisdiction over them.

What's the process ?

1. Assessment
Our team will reach out to you to obtain the necessary information to assess the NDA's scope and rationale, as well as any other relevant pieces of information
3. First Ready Draft
We will complete the first draft of the NDA and email it to you for approval within 48 hours. Following approval, any necessary adjustments will be made and submitted to you on the agreed next date.
2. Due Diligence and Drafting
Once we receive the information, we will begin drafting the agreement from the scratch, including defining the reason for the NDA, each party's roles, liabilities, powers, usage, and consequences/ breach among other important clauses that will vary depending on the needs of each client.
4. Final Agreement
With a high-quality team of professionals, the entire process of creating the draft and delivering the final copy of the NDA will be accomplished in 72 working hours.
1. Assessment
Our team will reach out to you to obtain the necessary information to assess the NDA's scope and rationale, as well as any other relevant pieces of information
2. Due Diligence and Drafting
Once we receive the information, we will begin drafting the agreement from the scratch, including defining the reason for the NDA, each party's roles, liabilities, powers, usage, and consequences/ breach among other important clauses that will vary depending on the needs of each client.
3. First Ready Draft
We will complete the first draft of the NDA and email it to you for approval within 48 hours. Following approval, any necessary adjustments will be made and submitted to you on the agreed next date.
4. Final Agreement
With a high-quality team of professionals, the entire process of creating the draft and delivering the final copy of the NDA will be accomplished in 72 working hours.

Why choose us

PERSONALISED SERVICE

A dedicated Case Manager ensures quick turnout to all your queries and tailored solutions that fit perfectly for your requirements.

72 HOURS DELIVERY

All your drafting queries are addressed, understood, and delivered with quality under 72 Hours.

EXPERIENCED TEAM

Our team of dynamic professionals is well experienced and extremely proficient to cater to your needs, ensuring the best service.

24/7 HELPLINE

We are available to address and clarify all your queries round the clock. So you can worry less and focus more on the business.

Frequently Asked Questions

When two parties are exchanging secret and sensitive information, this is the protocol to use. In most cases, this information is transmitted from one person to the next. By providing insulation to the disclosing party, the NDA serves to establish the relationship between the parties exchanging the information.
If you’re a registered business, you can print the contract on the letterhead of your firm. If you’re an individual, execute this agreement using a stamp paper of the required value in your state.
Designs, fabrication and assembly drawings, know-how processes, marketing collaterals, inventions, concepts, technical or commercial information, models, samples, IP filings and awards, computer programmes, proprietary software, customer/client data, and many other types of information that the disclosing party passes on to the receiving party are examples of confidential information.
The penalties over the breach of the agreement are generally specified in the agreement itself and the breaches or infringement are accordingly dealt with. If in any agreement the penalty is not specified, it is clearly mentioned that the person guilty of violation or breach of contract shall be sued for such misappropriation.

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