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Home > QFINANCE Dictionary > Definition of NDA

Definition of


  • 1.


    agreement not to give away company secrets nondisclosure agreement: a legally enforceable agreement preventing present or past employees from disclosing commercially sensitive information belonging to the employer to any other party. A nondisclosure agreement can remain in force for several years after an employee leaves a company. In the event of a dispute, a company may be required to prove that the information in question belongs to the company itself, is not in the public domain, or cannot be obtained elsewhere.

  • 2.


    agreement not to criticize employer nondisparagement agreement: an agreement that prevents present or past employees from criticizing an employing organization in public. Nondisparagement agreements are a relatively new type of agreement and have arisen primarily to prevent employees putting comments about their employing organization onto the Internet. Case law has yet to determine whether such agreements are legally binding.

Definitions of ’NDA’ and meaning of ’NDA’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’NDA’ and other financial terms with our online QFINANCE Financial Dictionary.

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