NDA stands for ‘non-disclosure agreement’ and is a legal contract between at least two parties that highlights confidential information or knowledge. It can also be known as a confidentiality agreement.
An NDA is used when one party wishes to share an idea or information with a second party, however, does not intend for any third parties to have access to the concept. The NDA agreement ensures that the second party is sworn to secrecy on the idea until they are else allowed. This allows the original party to protect their idea or material.
In the event of an NDA being breached, there is bound to be legal ramifications. The betrayed party will have the right to pursue damages.
Within the app development industry, NDA’s are used when a client with a vision wishes to seek help from a developer. When looking to bring their idea to life, a client may wish to speak to several different development agencies before determining which one will be the best fit for their project. In the event that a client does not choose to proceed with a certain developer, their idea will remain safe thanks to the signed NDA.
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