A Basic Nondisclosure Agreement (NDA) is a legal contract that prevents an individual or organization from sharing confidential information with another individual or organization. It is used to protect sensitive information such as trade secrets, confidential business information, technical data, or other proprietary information. There are two types of NDAs: unilateral and mutual. A unilateral NDA is a one-way agreement where one party agrees to keep the other party’s information confidential. This type of agreement is often used by employers to protect proprietary information. A mutual NDA is a two-way agreement where both parties agree to keep each other’s information confidential. This type of agreement is often used when two companies are working together and need to keep their information confidential. Basic NDA agreements typically include a few key elements. These include definitions of confidential information, the scope of the agreement, the obligations of the parties, the duration of the agreement, and the remedies for a breach of the agreement. All parties must sign the agreement to make it legally binding.