Obtain NDAs to keep confidential information safe without slowing down your work.
Consider using an NDA any time you enter into a confidential relationship or before you do the following:
Mutual. The mutual NDA form is just that: All involved parties agree to keep information confidential.
Non-Mutual. These agreements cover situations in which only one party (the discloser) is sharing confidential information with another or several parties (the receivers). And the receivers are required to keep the information secret.
Multilateral. Multilateral NDAs cover three or more parties sharing proprietary information. One or more parties may disclose sensitive information, and all receiving parties promise to protect it. When many parties are involved, these types of NDAs are more efficient than establishing multiple separate agreements.
Terminating. These are NDAs that expire. After an agreed-upon time period, the disclosing party releases the receiving party from the agreement. The agreement may end on a specific date or when the business relationship ends.
Non-Terminating. These agreements never expire, and the receiving party is bound to keep the information secret for as long as the parties work together or until the information becomes publicly available.
A nondisclosure agreement can include quite a bit of information, and it’s always a good idea to get legal advice before executing one. These are some of the most common and important items to include:
Create your NDAs as soon as you’ve decided to engage in a joint venture or other business relationship. The sooner the agreements are signed, the sooner you can move the business forward. With Adobe Sign, you can send an agreement securely as a PDF in four quick steps. Then track its progress. Your future partners, investors, and employees can add their legally binding e-signatures from any device, and you can get right to work.