This is a contract which restricts the employee from sharing confidential information. A non disclosure agreement is common for organizations that enter into  a negotiation with other businesses.

This document allows the parties to share sensitive information without fear that it will end up in the hands of competitors. In this instance, it may be called a mutual non-disclosure agreement.

What are the requirements for a non disclosure agreement?

• The names of the parties to the agreement
• A definition of what constitutes confidential information in this case
• Any exclusions from confidentiality
• A statement of the appropriate uses of the information to be revealed
• The time periods involved
• Miscellaneous provisions