Non-disclosure agreement (NDA)


A non-disclosure agreement, also known as a NDA, is an agreement in which the parties agree that they will keep certain information secret. If you are doing business in Norway, you might need one when you are presenting your plans to an investor or other parties that you want to share your ideas/plans with.
The contract determines which information is and which information is not covered by the confidentiality obligation. The non-disclosure Agreement states that the party receiving information from the other party may use this information only for the purpose for which it is provided.
A NDA can be a one-way agreement (one party disclosing secret information to the other) or mutual (two parties both exchanging secret information).