Q: Conclude Non Disclosure Agreement ?

Ans: NDA is a contract through which the parties agree not to disclose any information covered by the agreement as entering into the agreement and creates a confidential relationship between the parties obligating them to protect all confidential as well as proprietary information as long as such information is not in the public domain already. Use of NDAs are on the rise in India and are governed by the Indian Contract Act 1872; however for NDAs to be valid in India they need to be stamped. NDAs are highly preferred as they are low-cost, easy to create legally binding documents. When drafting an NDA, it is important to be as detailed as possible, so all parties know what can and cannot be shared as well as the consequences of leaking information. 

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