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Nondisclosure agreements can exist between various individuals and entities you do business with, including:
The idea of keeping a secret isn't anything. People expect friends and other loved ones to keep their confidences all the time. People expect the same thing in business as well. The biggest exception is that in business, one or more parties can insist on nondisclosure agreements to ensure that the confidential information stays private. These agreements are quite common in the business world and are agreed upon by two or more parties with some kind of professional stake in keeping information between the parties discreet. The specific information to be confidential will be laid out in clear terms within the agreement to avoid any possible misunderstandings.
There are many occasions when nondisclosure agreements can be beneficial. Some companies insist that their employees sign and adhere to these kinds of agreements all the time. It is not uncommon for employees that work with sensitive information and research be held accountable by these legal documents. Partnered businesses often use them as well. They typically state that neither company is allowed to reveal the exact details pertaining to the project to be collaborated on. While there are do it yourself options, for security, most people choose to have a qualified attorney draw up the agreement.
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