It is a secrecy agreement between two or more parties to the agreement that defines the confidential information that the parties wish to share and the information that the parties restrict to share with the third parties .
Non disclosure agreements are commonly signed between two companies, individuals, or other entities involved in trade, industry or commerce, and need to understand the processes used in each other’s business .
Non disclosure agreements includes parties to the agreement, define what is confidential as per the agreement, the period upto which the agreement remains valid, provisions restricting transferring of the data, the obligations of the parties, etc.