Important things you need to know about Non Disclosure Agreement-Enterslice - PowerPoint PPT Presentation

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Important things you need to know about Non Disclosure Agreement-Enterslice

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Non disclosure agreement is a confidential document, being a legal contract between two parties which outlines confidential material, knowledge, information which parties wish to share with one another for certain purposes, also restrict access to or by third parties. – PowerPoint PPT presentation

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Title: Important things you need to know about Non Disclosure Agreement-Enterslice


1
Non Disclosure Agreement
2
Requirements for Non Disclosure Agreement in India
  • Non Disclosure Agreement is an agreement in which
    one or more parties to an agreement agree not to
    disclose the confidential information
  • NDAs are typically signed at the beginning of a
    business relationship.
  • Non Disclosure Agreement is a confidential
    document, being a legal contract between two
    parties which outlines confidential material

3
Kinds of Non Disclosure Agreement in India
  • A non disclosure agreement may be classified as
    uni, bi or multilateral
  • A one-way NDA is used when only one business is
    sharing information
  • The other agrees to keep it confidential.
  • A two-way NDA (also called a mutual NDA) is used
    when both businesses are sharing confidential
    information with each other
  • Want to be sure that neither will disclose their
    trade secrets.

4
Advantages of Non Disclosure Agreement
  • Protection of Information-A non disclosure
    agreement allows information which can and cannot
    be disclosed to others that each party's
    obligations
  • In this way, it provides protection of
    information.
  • A well-drafted non disclosure agreement outlines
    the consequences for the ones who breach the NDA
  • which are likely to include a hefty monetary fine.

5
Secure Your Intellectual Property by Non
Disclosure Agreement
  • You must be thinking hard about how to keep your
    unique ideas away from the reach of your business
    accomplices
  • The most ideal approach to use your innovative
    property is to impart with the peoples, who can
    bring you profit consequently.
  • The non disclosure agreement are generally
    alluded as Confidentiality Agreements.
  • They are the types of basic non disclosure
    agreement, which enables you to share the
    intellectual property with others.

6
How effective are Non Disclosure Agreement?
  • Numerous organizations and business people depend
    on non disclosure agreement to secure their
    competitive ideas, intellectual property and
    financial data,
  • For instance, assume you are building up a
    prototype of a new item that will make you a
    little fortune.
  • In any case, you have to connect with an advisor
    to prompt you one specific part before you can
    finish the model.
  • You may solicit the advisor to sign your non
    disclosure agreement to guarantee he or she
    doesn't uncover your secret data to your rivals.
  • As we all are aware that these are legal
    contracts and are valuable.
  • If any dispute occurs you can ask the court to
    settle the dispute and make the correct decision.

7
Thank you
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