Social media, SEO, marketing and writingNondisclosure Agreements Defined
Nondisclosure agreements (NDA’s) are typically one-page agreements whereby each signing party agrees to share proprietary or confidential information and each side agrees not to divulge that information to a third party.
Why are NDAs so commonly used? It is not so much distrust as it is legal maneuvering by attorneys to protect a client’s interests at all costs. Many companies have been sued because they were pitched a project that was similar to something the company was already developing. A dated NDA helps establish when the exchange of ideas occurred, a date that can be cross-checked with the copyright date on the original source material.
However, the main reason NDAs are used so often is to prevent people from talking about the other side’s “intellectual property” in advance of that knowledge going public.
