Non-Disclosure agreements are becoming more and more common in business today. They sound quite intimidating but really what you have to remember is it a legal document that outlines what information your client can share with you that you are forbidden from sharing with others. The purpose of an NDA is to keep the company’s information private—like a trade secret or a special sauce.
According to Lindsay Olson of U.S. News & World Report, an NDA comes down to trust. At the outset of a new relationship, the company has no way of knowing whether you would keep this information private, so a legally binding document is often the best way to remedy that. Your employer may have been burned before by a contractor or employee who shared too much; this may explain why he or she keeps secrets from you.
There are many things you need to keep in mind when signing an NDA but we came up with a few essentials.