A nondisclosure agreement is a legally enforceable contract that creates a confidential relationship between a person who holds some kind of trade secret and a person to whom the secret will be disclosed. NDAs are fairly common in many business settings, as they offer one of the most sure-fire ways to protect trade secrets and other confidential information meant to be kept under wraps. However, the confidential relationship often will refer to information that is to be shared between the parties but should not be made available to the general public. Starters’ CFO can also help you with co-founders agreement.
Basic elements of Non-Disclosure agreements are:
Every nondisclosure agreement provides a list of the types or categories of confidential information to be protected in the agreement. The purpose is to establish the boundaries, or subject matter, of the disclosure, without actually disclosing the secrets.