What is a Consultant Non-Disclosure Agreement Template ?
A Consultant Non-Disclosure Agreement Template (NDA), also known as a confidentiality agreement, is a binding legal contract that establishes a confidential relationship among its parties by prohibiting the receiving party of certain types of information from sharing that information for a specified period of time or from using such information other than in connection with the defined purpose of the Agreement.
If, on the other hand, one party is just providing its secret information, a unilateral NDA protecting only the disclosing party’s confidential information will be suitable, and a multi-party NDA will be required to protect information if there are more than two parties.
Why use a Consultant Non-Disclosure Agreement Template ?
The goal of an NDA is to allow its participants to freely discuss sensitive information without danger of it falling into the hands of competitors, as well as to keep sensitive and secret information from becoming public knowledge.
For example, if a contractor discovers the secret formula for the popular drink Coca-Cola, he is barred from disclosing it to anybody else without risking major legal consequences.
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