\nˌɒndɪsklˈə͡ʊʒəɹ ɐɡɹˈiːmənt], \nˌɒndɪsklˈəʊʒəɹ ɐɡɹˈiːmənt], \n_ˌɒ_n_d_ɪ_s_k_l_ˈəʊ_ʒ_ə_ɹ ɐ_ɡ_ɹ_ˈiː_m_ə_n_t]\
Definitions of NONDISCLOSURE AGREEMENT
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A legally binding contract in which a person or business promises to treat specific information as a trade secret and not disclose it to others without proper authorization. Nondisclosure agreements are often used when a business discloses a trade secret to another person or business for such purposes as development, marketing, evaluation or securing financial backing. Although nondisclosure agreements are usually in the form of written contracts, they may also be implied if the context of a business relationship suggests that the parties intended to make an agreement. For example, a business that conducts patent searches for inventors is expected to keep information about the invention secret, even if no written agreement is signed, because the nature of the business is to deal in confidential information.
By Oddity Software
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