Both employers and employees can quickly come across the term “NDA” in the world of work. We explain to you what this term means.
These three letters have a high significance for business people. We explain the meaning to you (Source: zannagap69 / depositphotos.com)
What does “NDA” mean?
The abbreviation “NDA” stands for Non-Disclosure Agreement, which in German means something like “confidentiality agreement” or “non-disclosure agreement”. An NDA is a legal document entered into between two or more parties to ensure that confidential information, such as business data, ideas or innovations, is not disclosed to third parties.
When is an “NDA” used?
NDAs are concluded in different areas and sectors. From startups to established companies, NDAs are used to ensure confidential information doesn’t fall into the wrong hands. Here are some examples of how to use NDAs.
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Business negotiations:
NDAs are concluded in different areas and sectors. From startups to established companies, NDAs are used to ensure confidential information doesn’t fall into the wrong hands. Here are some examples of how to use NDAs.
Employer-employee relationships:
However, companies’ employees are often required to sign NDAs. However, whether employees are called upon to do so depends on many factors, such as the industry and the employee’s position.
However, there are many other uses for this agreement. Whether or not an NDA is required depends on various factors. One thing is certain, however: an NDA can protect you and your business partners from unwanted data being passed on.
In addition to the abbreviation “NDA”, there are numerous other terms from the business world. Together with “ROI”, “Roadman” or “Macher” we would like to introduce you to a few other expressions and abbreviations.
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