In the United States, potentially valuable intellectual property rights may be forfeited if key research information about a potential UT invention is disclosed prematurely. NDAs can be “mutual,” meaning both parties are planning to exchange confidential information with the other, or they can be one-way, meaning only one party will be disclosing confidential information. As such, an NDA can protect non-public information of various types. In other words, it is a contract by which the parties agree not to disclose information covered by the agreement. The purpose of these agreements is the same–to guard against disclosure of confidential or proprietary information of one or both of the parties to the agreement. A non-disclosure agreement (NDA), also sometimes referred to as a confidential disclosure agreement (CDA) or a proprietary information agreement (PIA), is a legal contract between at least two parties which outlines confidential materials or knowledge.
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