what is NDA

[qdelpeche]

NDA stands for Non-Disclosure Agreement: Non-disclosure agreement Wikipedia

Typically you would sign a NDA as a contractor for a company when they want to restrict you from sharing information with competition or publically.

A non-disclosure agreement (NDA), also known as a confidentiality agreement (CA), confidential disclosure agreement (CDA), proprietary information agreement (PIA), or secrecy agreement (SA), is a legal contract between at least 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 or by third parties. It is a contract through which the parties agree not to disclose information covered by the agreement. An NDA creates a confidential relationship between the parties to protect any type of confidential and proprietary information or trade secrets. As such, an NDA protects nonpublic business information.

NDAs are commonly signed when two companies, individuals, or other entities (such as partnerships, societies, etc.) are considering doing business and need to understand the processes used in each other’s business for the purpose of evaluating the potential business relationship. NDAs can be “mutual”, meaning both parties are restricted in their use of the materials provided, or they can restrict the use of material by a single party.

It is also possible for an employee to sign an NDA or NDA-like agreement with an employer. In fact, some employment agreements will include a clause restricting employees’ use and dissemination of company-owned confidential information.

This is typically signed before commencement of the project and very rarely signed after the commencement of the project … although I have heard of this happening before.

So you answers are as follows:

1. No - normally signed before commencement of work.
2. Typically not, but the document when signed should be distributed in a printed format and all parties should get a signed copy.
3. No, the NDA does not specify that. Typically this is what a contract is for.
4. There would typically be an NDA between the contractor and the main company and you and the contractor.