A Vermont non-disclosure agreement protects the confidentiality of sensitive information by prohibiting the recipient from revealing it to outside parties. This type of agreement can either obligate both parties to the non-disclosure of information exchanged between the two (a “mutual” agreement) or restrict one party from disclosing the other’s information (a “unilateral” agreement). NDAs are widely used in trade or workplaces, where trade secrets that would lose value if disclosed must be shared with another party, such as a new employee, a business partner, or a client. Executing an NDA allows legal recourse to be taken if a party fails to uphold its contractual obligation.
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