An NDA, or Non-Disclosure Agreement, is a legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to or by third parties.NDAs are used for various reasons:

1. Protecting Intellectual Property: Businesses often use NDAs to safeguard their trade secrets, proprietary information, or other sensitive data from being disclosed to competitors or the public.
2. Maintaining Confidentiality: In certain business dealings, such as partnerships, mergers, or acquisitions, sensitive information may be shared between parties. NDAs ensure that this information remains confidential and is not used for purposes other than what is agreed upon.
3. Facilitating Collaboration: When multiple parties collaborate on a project, they may need to share sensitive information to achieve their goals. NDAs help establish trust among collaborators by legally binding them to maintain confidentiality.
4. Preventing Information Leakage: Employees, contractors, or consultants often have access to sensitive information about a company's operations, products, or plans. NDAs help prevent them from disclosing this information to unauthorized individuals or entities.

In this episode, we get a look at what a standard NPA in the world of Diddy consists of.




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source:

gov.uscourts.nysd.616406.16.2.pdf (courtlistener.com)


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