A non-disclosure agreement (NDA) is important because it helps protect sensitive information. Businesses can share valuable data and information with third parties in confidence, knowing they are legally protected should a breach of contract occur.
With that in mind, it’s vital that any parties entering into a non-disclosure agreement are clear on what is (and is not) covered. Resolving any ambiguities and expertly tailoring the agreement to a company’s exact requirements can help avoid potential problems further down the line. This is one reason why it’s a good idea to seek legal support when drafting an NDA, and not just rely on a template.