Non-Disclosure Agreement (NDA)

A Non-Disclosure Agreement (NDA) is a legal document that lays down the terms and conditions between 2 entities for maintaining the confidentiality of any information shared between them. An NDA is required to maintain secrecy of the trade secrets, business data and client information shared with service providers, traders or vendors.

A Non-Disclosure Agreement must be drafted and vetted by an experienced lawyer who understands the needs of a business. To protect the business from any kind of liability and to ensure that the information shared is protected from all ends in the agreement, you must get your NDA reviewed by a startup lawyer. An advocate can evaluate the document and exact any mistakes or flaws in the agreement. 

Non-Disclosure Agreement (NDA) Review
At INR 2499

What You'll Get In The Package

Inclusion

  • Telephonic consultation with the lawyer for 20 minutes.
  • Reviewing the NDA.

Exclusion

  • Any drafting work for the agreement.
  • Any amendments to the Non-Disclosure Agreement.

Documents required for NDA Review

  • The completely drafted Non-Disclosure Agreement.
  • Additional documents or information required for vetting of NDA.

Procedure of NDA Review

The prepared Non-Disclosure Agreement is shared with the lawyer along with other relevant information. The lawyer reviews the documents and provides their recommended additions or amendments. You can then make the recommended changes before it is signed by the parties.

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FAQs

What happens when the NDA is violated?
If the NDA is violated by either of the parties, the legal remedy mentioned in the agreement can be used in the court which has appropriate jurisdiction.
What are the important provisions 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 different kinds of NDAs?
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.
Why is an NDA required?
A Non-Disclosure Agreement protects any kind of trade secret, user information, client data, or other proprietary information shared between 2 parties.
Why is a written NDA needed?
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 validity of an NDA?
An NDA is valid for the time period specified in the agreement.
How to renew an NDA?
The agreement can be renewed in case the parties want to continue their agreement by adding an annexure about extension of the NDA.
Why do I need a lawyer to review my NDA?
A lawyer who has expertise in drafting and vetting legal documents for business can understand the needs of a business and make sure that every requisite provision is included in the agreement by carefully reviewing it and pointing out any mistakes or omissions.