Both BAAs and NDAs are legally binding agreements that protect confidential information. However, they differ based on purpose, scope, and application. BAAs, mandated by HIPAA, safeguard specific health information like patient names and records. NDAs, on the other hand, have a broader scope, including trade secrets and business plans. BAAs apply to the PHI that a business associate handles with a covered entity, whereas NDAs can cover a broader range of information and project specifics. HIPAA requires BAAs for PHI protection, whereas NDAs are versatile and can be used in a variety of situations outside of healthcare, such as between businesses, employees, or individuals.