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This Non-Disclosure Agreement (the "Agreement") is entered into on [Effective Date] by and between:
[Disclosing Party] ("Disclosing Party")
AND
[Receiving Party] ("Receiving Party")
1. Purpose: [Purpose of Disclosure]
2. Confidential Information: [Description of Confidential Information]
3. Term: This Agreement shall remain in effect for a period of [Duration] months from the Effective Date.
4. Governing Law: This Agreement shall be governed by the laws of [Governing Law].
A Non-Disclosure Agreement (NDA) is a legal contract between two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to by third parties. NDAs are commonly used in business relationships to protect trade secrets, proprietary information, and other sensitive data. They create a confidential relationship between the parties, enabling them to share sensitive information without fear of it falling into the hands of competitors.