non-disclosure agreement
/ˌnɒn.dɪˈskloʊ.ʒər.əɡriː.mənt/ · non·dis·clo·sure·a·gree·ment
noun
- a contract or agreement that restricts one party from disclosing confidential information to a third party The company required all employees to sign a non-disclosure agreement before accessing sensitive project data.
- a legally binding document that protects trade secrets and proprietary information The startup had each investor sign a non-disclosure agreement to safeguard their innovative technology.
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Did you know? Non-disclosure agreements have been used by famous companies like Apple and Google to protect their innovative products and technologies from being leaked to the public before their official release. The use of such agreements has become a standard practice in the tech industry to maintain a competitive edge.