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Nondisclosure Agreement Stack

A Software Nondisclosure Agreement (NDA) is a legal contract that protects proprietary information like trade secrets and source code from unauthorized disclosure, outlining confidentiality obligations, permitted uses, and remedies for breaches to safeguard intellectual property and foster trust in business interactions.

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Nondisclosure Agreement Stack

What is it 

Legal agreements used to protect confidential information include Nondisclosure Agreements (NDAs), Confidentiality Agreements, and Confidential Information and Invention Assignment Agreements (CIIAs). These contracts ensure that sensitive information shared between parties remains private and is not disclosed to unauthorized individuals. NDAs and Confidentiality Agreements typically outline the terms under which the information can be shared and specify the obligations of the receiving party to maintain confidentiality. CIIAs, often used in employment contexts, not only protect confidential information but also assign ownership of any inventions or intellectual property created during the employment period to the employer. These agreements are essential for safeguarding proprietary information, trade secrets, and other valuable data.

Why is it important

Nondisclosure Agreements (NDAs) are important because they protect sensitive information, such as trade secrets, intellectual property, and proprietary data, by legally binding the receiving party to confidentiality. They help prevent unauthorized disclosure or misuse of confidential information, foster trust between parties, and provide a legal framework for recourse if the agreement is breached, ensuring that valuable information remains secure during business dealings, collaborations, or evaluations.

When is it needed

Designed for businesses of all sizes, our intuitive NDA workflow streamlines the entire process from creation to execution, ensuring your confidential data remains protected at all times. With our user-friendly interface, you can quickly draft customized NDAs tailored to your specific needs. Our solution includes robust templates, automatic clause suggestions, and real-time collaboration features, allowing you to negotiate terms seamlessly. Plus, with integrated e-signature capabilities, obtaining signatures from all parties is fast and secure.

Key Provisions

The key provisions in a Nondisclosure Agreement (NDA) include: 


  1. Definition of Confidential Information: Clearly specifies what constitutes confidential information, including documents, data, and any other materials that need protection.

  2. Obligations of Receiving Party: Outlines the responsibilities of the receiving party to keep the information confidential, including restrictions on use and disclosure. 

  3. Duration of Confidentiality: Specifies the time period during which the information must be kept confidential, both during and after the term of the agreement. 

  4. Exclusions from Confidentiality: Lists circumstances under which the information is not considered confidential, such as information already in the public domain or independently developed by the receiving party. 

  5. Permitted Disclosures: Defines any conditions under which the receiving party is allowed to disclose the information, such as to employees or agents who need to know for the purpose of the agreement. 

  6. Return or Destruction of Information: Requires the receiving party to return or destroy all confidential information upon termination of the agreement or upon request by the disclosing party. 

  7. No License or Ownership Granted: Clarifies that the NDA does not grant any rights or licenses to the receiving party in the confidential information. 

  8. Legal Remedies: Outlines the legal remedies available to the disclosing party in case of a breach, such as injunctions or damages. 

  9. Governing Law and Jurisdiction: Specifies the legal jurisdiction and governing law that will apply to the agreement, ensuring clarity on where and how disputes will be resolved. 

  10. Signatures of Both Parties: Ensures that the agreement is legally binding by including the signatures of both parties, indicating their acceptance of the terms. 

These provisions help ensure that both parties have a clear understanding of their rights and obligations, providing a robust framework for protecting confidential information.

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