Mutual Non Disclosure Agreement Style 116

Additionally, it is important to know that this type of agreement is not something you should put in place to protect you from illegal practices. In fact, if you are trying to use this type of agreement to protect you from legal action because your methods are illegal, then this type of agreement would be void. Use of non-disclosure agreements are on the rise in India and is governed by the Indian Contract Act 1872. Use of an NDA is crucial in many circumstances, such as to tie in employees who are developing patentable technology if the employer intends to apply for a patent. Non-disclosure agreements have become very important in light of India's burgeoning outsourcing industry. In India, an NDA must be stamped to be a valid enforceable document. Use of non-disclosure agreements are on the rise in India and is governed by the Indian Contract Act 1872. Use of an NDA is crucial in many circumstances, such as to tie in employees who are developing patentable technology if the employer intends to apply for a patent.

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