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A Non-Disclosure Agreement, or NDA, is a contract between two companies or people that wish to share information, but don’t want the person or company they’re sharing the information with to tell anyone what they learned.
There are many names for an NDA. It can also be called a Mutual Non-Disclosure Agreement, MNDA, Confidentiality Agreement, or even a Mutual Confidentiality Agreement.
Some of the key parts of these agreements are:
Defining what information is confidential.
Establishing how long the information needs to remain secret.
Clarifying who the information can be shared with and under what circumstances.
This final point requires a little more explanation. One of the key elements that these agreements define is whether one group can share confidential information with the other, or if the NDA written so that both groups can share confidential information AND protect what they’re sharing. If only one group can safely share information it’s known as a one-sided or unilateral NDA. A Mutual NDA or Mutual Confidentiality Agreement is written so that both groups can share information without worrying about it. Frequently, a Mutual NDA is the most convenient because it’s not clear if conversations will change over time.
Sometimes, an example is just what you need to start. If you’re just looking for an example non-disclosure agreement this is a great place to start.
A Name, Image, and Likeness (NIL) Agreement is between a college athlete and a business or other organization. Generally, the business would like to use the athlete’s name, images of the athlete, or something that resembles the athlete for promotional purposes. These agreements allow the business to legally use the athlete’s NIL and allow the athlete to be compensated for the use of their NIL.
This agreement will pay the athlete for each task they do. For example, the business would pay the athlete for a social media post or an in-person appearance.
A Name, Image, and Likeness (NIL) Agreement is between a college athlete and a business or other organization. Generally, the business would like to use the athlete’s name, images of the athlete, or something that resembles the athlete for promotional purposes. These agreements allow the business to legally use the athlete’s NIL and allow the athlete to be compensated for the use of their NIL.
This agreement will pay the athlete for working with the business over a period of time. For example, the business would pay the athlete monthly for using an image of the athlete.