When you have valuable business secrets, you want to do anything to protect them. You may have a vendor or contractor who needs your secrets to fulfill a contract. Or you might have a new business plan that you don’t want your employees to take to another company. In these cases, you can prevent others from stealing your business secrets with a nondisclosure agreement or NDA.
A nondisclosure agreement is a legal contract that prevents those with knowledge of your business secrets from sharing them. Here are a few ways an NDA can protect your business: