Non-disclosure agreement

{
  "id": "MLC-T-LAW-003434",
  "term": "Non-disclosure agreement",
  "field": "Law",
  "definition": "A legally binding contract between two or more parties that establishes confidential material or information the parties wish to share for specific purposes, while restricting its access and use by others. This agreement typically outlines the scope of confidential information, the obligations of the receiving party, and the duration of the confidentiality period. Breaching an NDA can lead to legal penalties and damages.",
  "abbreviation": "NDA",
  "url": "https://mlchart.com/terminology/law/non-disclosure-agreement/"
}