Confidentiality agreements are used in various business transactions and scenarios, including:
- Mergers and Acquisitions: When companies are exploring potential mergers or acquisitions, they often exchange sensitive information that needs to be protected. - Partnerships and Joint Ventures: When businesses collaborate, they may need to share proprietary information. - Employment Agreements: Employers often require employees to sign NDAs to protect trade secrets and other confidential business information. - Product Development: When developing new products, companies may involve third parties who will have access to sensitive data.