The aim of a non-disclosure agreement, or NDA, is to protect the company’s sensitive information from being disclosed to a third party.
This template is intended for use at very early stages of business when deciding whether to collaborate with some other person or entity. It is not intended to cover collaboration going forward. It is a one-way agreement, which is appropriate if only the company is sharing sensitive information, but the other side is not sharing any sensitive information. A mutual non-disclosure agreement is more appropriate if both are sharing sensitive information with each other.
This non-disclosure agreement is not intended to be used for potential investors. Please be aware that professional investors often refuse to sign a non-disclosure agreements as, amongst other things, this may restrict their ability to seek out and evaluate other potential investments.