Non Disclosure Agreement

Confidential information can be designs, assembly drawings, know how processes, inventions, concepts, technical or commercial information, marketing strategies, models, patents, client data, computer programs or codes or any other information that is passed by the disclosing party to the receiving party

There are basically 2 types of non disclosure agreements as below:-

Unilateral or one-way agreement- Under this agreement, only one party has the information that has to be shared with the other party before the contract is signed. The party having the information is called disclosing party and the other party is called the receiving party

Mutual or Two way agreement- Under this agreement, both the parties have the information which they share with each other. Both the parties disclose and received valuable information which they promise to keep confidential

Yes, it is advisable that a non disclosure agreement needs to be printed on a stamp paper of appropriate value and notarized by a notary public