NDA

A non-disclosure agreement sets confidentiality and permitted-use obligations for defined information. It is often signed before confidential diligence, but is not universally the first document in every transaction process.

Also called Non-disclosure agreement

NDA in practice

Hypothetical: a buyer signs an NDA and then receives a confidential information memorandum the next day under its permitted-use terms. The agreement defines covered information, exclusions, permitted recipients and disclosures, obligations and remedies.

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