When drawing up a legal contract to protect confidentiality, using the appropriate legal document is essential.
Two documents are used to protect confidentiality:
- The confidentiality agreement. It is a legal tool that binds one or more parties to nondisclosure of confidential or proprietary information. It is suitable for collaborations.
- The nondisclosure agreement (NDA). It is a type of confidentiality agreement used when there's a one-way exchange of confidential information.