Non-Disclosure Agreement

A non-disclosure agreement (NDA) is a legal document used to protect confidential information shared between parties. Discover what is needed in a non-disclosure agreement here. Bookipi’s eSign allows you to send non-disclosure agreements (or other documents) for digital signature, on mobile or web app. Try it out!

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*Information provided on this page are for informational purposes only and do not constitute legal advice. While Bookipi strive to ensure accuracy, we make no guarantees regarding the suitability or completeness of this resource. If unsure, it is recommended to consult with a qualified legal professional before creating a template on your own.

How to create a
Non-Disclosure Agreement

A non-disclosure agreement (NDA) is a vital tool in accounting to safeguard confidential information. Here are three simple steps to create an effective NDA:

Identify the parties:

Clearly list the parties involved—the one sharing confidential information and the one receiving it. Make sure to include their full legal names, addresses, and any relevant company information.

Define Confidential Information:

Clearly state what information will be kept confidential, like financial records or client lists. Be specific in identifying what information is considered confidential and what is not.

Include Terms:

Set terms like how long the NDA lasts, the receiving party’s duty to keep information confidential, and consequences for breaking the agreement. Use clear language and consider seeking legal advice to ensure the NDA is legally binding.

By following these steps, you can create a comprehensive NDA that protects your confidential information and ensures accountability between parties.

What is a Non-Disclosure Agreement (NDA)

A non-disclosure agreement (NDA) is a legal contract between two parties that aims to keep confidential information safe. It restricts access to and sharing of sensitive information by third parties. By signing an NDA, both parties agree to keeping the specified information confidential and using it only for its intended purpose. NDAs are commonly used in business deals, partnerships, and employment to protect data like financial records, trade secrets, and customer lists.

Frequently Asked Questions (FAQs) on Non-Disclosure Agreement (NDA)

An NDA is a legal contract between two parties that keeps shared information confidential. In most industries, NDAs are crucial for protecting financial data, trade secrets, and client information from being disclosed or used without permission. NDAs may between the company and their clients or between the company and their stakeholders, terms of the NDA will be different according to the relevant parties.

By signing an NDA, firms reassure clients that their sensitive information will be kept confidential. This builds trust, protects the firm’s reputation, and ensures the security of the client’s data and any confidential information that the firm may come across.

An NDA should clearly state the confidential information, involved parties, sharing purpose, duration, and penalties for breaches. It should also detail how the information will be securely handled and stored.

Yes, if one party breaches the NDA by sharing confidential info, the injured party can enforce it in court and seek damages for any harm caused by the breach.

By using eSign for NDAs, you can ensure that all parties will have a copy of the contract for easy reference. Try eSign out for free!

To ensure compliance, firms should educate employees on confidentiality, common oversights, provide secure information handling training, and monitor data access. Regular audits help prevent breaches and protect client information, maintaining the firm’s trusted reputation.