A confidentiality agreement (NDA), also known as a “confidentiality agreement,” is a document in which the parties to the agreement do not agree to pass on to third parties the confidential information/data specified in the NDA`s “confidentiality clause” beyond the terms of the agreement. NDAs are often signed between the two companies or two individuals or other entities, but an employer can also enter into an agreement or contract with its employees. In India, the Indian Contract Act of 1872 governs the confidentiality agreement. As a general rule, the parties may decide to obtain a notarized agreement. The function of a notary is that of a witness; certification means that the notary personally witnessed the signing of the contract by the parties. In the absence of a witness, a party could make up many excuses to argue that it is not bound by the terms of the contract. For example, he might argue that he never signed the contract, or that the signature is not his own, or that his signature is forged by someone else. While in India there is no legal obligation to use a notary for agreements, certification will be useful to prevent parties from refusing to execute (sign) the contract itself. The cost of certification varies from city to city. For example, a vacation and licensing contract with Rs. costs 10,000 to 15,000 Rs per month as rent about 200 Rs.
in Calcutta. Registration and certification are not legally necessary, but they are always advisable because it makes it easier for you to prove your case. If you want to print the NDA on a stamp paper, have it printed on a non-judicial stamp paper or an electronic stamp paper (available in some states). Sign the NDA in the presence of witnesses. After that, you must receive the notary NDA. Any information that is not publicly available or that is known to all may be protected by a confidentiality agreement. It can protect any type of confidential information, such as – a concept for a new restaurant – a new business venture – any kind of confidential business information that could be useful to others if disclosed. A confidentiality agreement (NDA) is an agreement between (at least) two parties, one of the information providers to be protected and the other recipient of the information.