Non-Disclosure Agreement (NDA)

A Non-Disclosure Agreement (NDA) is a contract between 2 people or companies to enforce confidentiality of information shared. Businesses especially require NDAs when sharing their trade secrets and sensitive client and business data with vendors, traders, customers or service providers.

A Non-Disclosure Agreement binds the people signing them to protect the information mentioned in the contract and prevents them from sharing any such information to a third party. An NDA can be a mutual NDA whereby both the parties share information with each other and a non-mutual or unilateral NDA whereby one party shares its information with each other.

Draft A Non-Disclosure Agreement Online
At INR 7000

What You'll Get In The Package

Inclusion

  • Telephonic consultation with the lawyer for 30 minutes.
  • Complete drafting and amendment of agreement till finalisation.

Exclusion

  • Additional work after the agreement is approved and signed.

Documents needed to make Non-Disclosure Agreement

  1. Details relating to parties to the contract.
  2. Details about the information protected through the agreement.
  3. Information as required about the termination, jurisdiction, etc.

Procedure of Non-Disclosure Agreement Drafting

The agreement is drafted by the lawyer based on the information provided. The NDA is sent back for any changes or approval. In case of changes needed, the lawyer amends the agreement and sends it back for final approval. Once the document is approved, it is signed by both the parties.

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FAQs

What to do when an NDA is violated?
In case the NDA is violated by either of the parties, the legal remedy mentioned in the agreement can be taken in the court which has appropriate jurisdiction.
What are the important clauses of an NDA?
An NDA must include the clauses relating to the details of both the parties, the information shared, the use of such information, termination, duration, legal remedy in case of violation, law applicable, court jurisdiction, etc.
What are the types of NDA?
There are 2 types of NDAs- unilateral where one party agrees to share some information with the other party and mutual where both the parties agree to share some information with each other.
What do an NDA protect?
A Non-Disclosure Agreement protects any kind of trade secret, user information, client data, or other proprietary information shared between 2 parties.
Is it important to have a written NDA?
Yes, a written NDA is important as it can be used as an evidence in case of any legal dispute between the contracting parties.
What is the duration of an NDA?
An NDA is valid for the time period specified in the agreement.
Can an NDA be renewed?
The agreement can be renewed in case the parties want to continue their agreement by adding an annexure about extension of the NDA.
Is it necessary to get an NDA drafted by a lawyer?
A lawyer who has expertise in drafting legal documents for business can understand the needs of a business and make sure that every requisite provision is included in the agreement.