Confidentiality Agreement Or Non-Disclosure Agreement Difference

15 Sep

4. The confidentiality agreement is used when the undertaking is unilateral (or unilateral). However, in the case of reciprocal (or multilateral) exchange of secret or economically sensitive information, the agreement is rather titled a confidentiality agreement. The difference lies more in the context than in the content. Factors that may influence the use of one name over the other may be: these legal agreements also contain terms and clauses that you should take into consideration depending on the circumstances and reasons for this agreement. In conversations with backyard business people, I observed that “NDA” is the most used and understood term. Finally, they rarely need to negotiate one and see that there is really no difference from one or the other, since it is normally managed by their lawyers.