Updated on August 14th, 2022
A South Carolina non-disclosure agreement, or “NDA,” is a legal document wherein one or more parties agree to maintain the confidentiality of sensitive information. The document details the agreement’s terms and conditions, including the parties’ relationship, the type of agreement (mutual or unilateral), and the repercussions for breaching the contract.
NDAs are commonplace in areas of business and trade, where the leaking of trade secrets can be extremely harmful to a company. Examples of trade secrets include a business’s internal practices, client information, and product prototypes; that is, anything that would decrease in value if disclosed to the public or the company’s competition.