A Non-disclosure Agreement (NDA) is a legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with each other for certain purposes, but wish to restrict access to or by third parties. Its main purpose is to protect non-public business information. The use of NDAs is common in many corporate environments, especially when dealing with mergers, acquisitions, partnerships, and collaborations with external entities.
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What are the key components of a Non-disclosure Agreement (NDA)?
In what situations are NDAs typically used?
How does an NDA differ from a Service-level Agreement (SLA)?