Confidentiality Clauses: Boilerplate or Binding?

Confidentiality Clauses: Boilerplate or Binding?

The Confidentiality clause (often referred to interchangeably with a Non-Disclosure Agreement or NDA) is a contractual obligation that prevents parties involved in a potential investment from disclosing or misusing sensitive information shared during the negotiation and due diligence process. Imagine you’re sharing your secret recipe with a potential investor. This clause is like a promise…