A mutual nondisclosure agreement, also known as a confidentiality agreement, is your first line of defense in protecting confidential company information such as customer data, inventions, and trade secrets. Having an NDA with your business associates makes it clear what's confidential, to help prevent accidental information leaks about proprietary information, technology, intellectual property, and much more. 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. Tenant shall pay such amounts within fifteen (15) days of invoice. Tenant acknowledges that the Leased Premises are designed to provide standard office use electrical facilities and standard office lighting. There’s nothing much to comply when the other party breaches the agreement. It is more serious on his side since he will pay for the damages brought about by his actions. A service agreement is used when one individual or business provides a service to another. Service agreements may be used by freelancers, contractors, consultants, or anyone who needs or provides a service.