the business plan non-disclosure agreement is a document that restricts any individual from divulging proprietary information that is shared through a business plan. lets say for example, that an entrepreneur is starting a new company and would like to run their idea by a colleague or friend, the only legal way for that business plan to be kept confidential is by the 3rd party to sign a non-disclosure. if after signing the agreement the recipient of the business plan shares the information contained in it with anyone else the entrepreneur that created the business plan would be entitled to seek damages usually resulting in a monetary gain. step 4 – the person or entity that received the plan must sign, print, and date on the bottom of the form. after the signature of the receiving party the agreement is complete.

one of many goals of an nda is if you happen to own an enterprise, and you also wish to ensure that the proprietary info you are sharing with another individual or group will not become public. another purpose of an nda is to enable you to provide access to proprietary info belonging to a different individual or group, and you wish to make clear that the phrases under agreement is covered by a proper non-disclosure agreement. one that cannot be subject to an nda is if the recipient has prior understanding of the data, for instance, or if the recipient accessed further info from a special source.

a business plan nondisclosure agreement, also known as a confidentiality agreement or nda, is designed to build trust in your business relationships. the receiving party will review, examine, inspect, or obtain the business plan only for the above-described purposes, and to otherwise maintain the confidentiality of that business plan pursuant to the terms of this agreement. the receiving party obtains no rights by license or otherwise in the business plan or other confidential information under this agreement.