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The red flag of misuse is when you ask for an NDA for a pitch meeting, a meet and greet, or a job interview. If your idea can be stolen after meeting someone for an hour for the first time, causing you irreparable harm in market, it's probably not a very good idea, or you're a terrible business person.

B) Exception: Major exception to this restriction is that restricted party will be permitted to have its own business or professional relationships to the extent such relationships do not involve use of confidential information or any breach of the NDA.

When drafting an NDA, it is critical to be as specific as possible. A contract can be declared null and void if the language is unduly broad, irrational, or onerous. Agreements that are overly broad, oppressive, or attempt to contain non-confidential information will also be challenged or invalidated by the courts.

An NDA can last indefinitely if there is no end date included within the agreement.

Is it compulsory for the parties to get a non-disclosure agreement printed on stamp paper? No, it is not compulsory for the parties to get an NDA printed on stamp paper. Such an agreement can be printed on the letterhead of the organization. It should be duly signed by the parties to the agreement.

Depending on your needs, you can choose from three types of NDAs: unilateral, bilateral, and unilateral. Unilateral NDAs only require one party to disclose confidential information, while bilateral NDAs require two parties to disclose private information.

To be valid, a Non-Disclosure Agreement only needs two signatures ? the disclosing party and the receiving party. It doesn't need to be notarized or filed with any state or local administrative office.