A technology company is planning to outsource its customer data management to a third-party vendor. Before sharing any sensitive information, the company wants to ensure that the vendor is legally obligated to maintain the confidentiality of the data. Which document should the company require the vendor to sign?
A Non-Disclosure Agreement (NDA) is specifically designed to legally bind parties to keep shared sensitive information confidential. While other agreements like Service-Level Agreements (SLA), Master Service Agreements (MSA), and Memorandums of Understanding (MOU) address different aspects of vendor relationships, the NDA focuses on confidentiality.
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