Businesses often share sensitive information before a formal business relationship begins. A company may discuss a potential investment, partnership, acquisition, licensing arrangement, joint venture, or commercial relationship before the parties know whether a deal will actually move forward.
These early discussions can involve valuable information, including business plans, financial information, customer data, product concepts, pricing strategies, technical information, and other confidential material.
A Non-Disclosure Agreement (NDA) can help establish clear contractual obligations concerning how that information may be used and disclosed before a transaction or business relationship is finalized.
