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NDAs are some of the most commonly created business contracts. Building them from scratch every time results in wasted time and increased bottlenecks for your legal department. Today, we’ll discuss how you can efficiently create and automate your NDAs.
A Non-Disclosure Agreement, or often referred to in the shorthand as an NDA, is a legally-binding contract that initiates a confidential agreement between parties, being the party that owns sensitive data and the party that will receive such data. Signing an NDA means that the signer agrees to keep confidential data and information secure from outside sources. Additionally, the signer agrees to keep the information private by not sharing the information without the owner’s consent. And lastly, the signer agrees that they will not edit, copy, or utilize the data or information that is unauthorized by the owner.