Non-Disclosure Agreement Legal Meaning and Definition

Here is a simplified definition of the legal term Non-Disclosure Agreement.

Non-Disclosure Agreement (Noun)

A legal agreement between two or more parties where they agree not to share or disclose certain classified or confidential information to others. The agreement often includes details about the information not to be revealed, the parties involved, the duration for which the clause is applicable, and penalties in the event of breach. Typically used in business arrangements to protect trade secrets, strategic plans, and other sensitive information.