Confidentiality Agreement: Definition, Example and Related Terms
What is a Confidentiality Agreement ?
It's like a secret promise between companies or people. Imagine you have a secret recipe for the best chocolate cake, and you only want to share it with someone who promises not to tell anyone else. That's what this agreement does in the business world.
Example(s)
- A tech company might share a secret new gadget design with a manufacturer but only if they agree to keep it a secret.
- When a writer shares a new book idea with a publisher, they can use this agreement to make sure the idea isn't given away before the book is published.
- A doctor's office uses these agreements to keep patient information private.