A Non-Disclosure Agreement, or NDA, is a legally binding contract between two or more parties where some or all parties agree not to disclose certain confidential information that they have shared with each other. It's used to protect sensitive information, like a business idea or financial data, from being shared with unauthorized individuals.

When you share your business plan with potential investors, partners, or employees, you are revealing your core strategies, financial projections, and unique ideas. An NDA ensures that these individuals are legally obligated to keep your information secret, protecting your competitive advantage and preventing your idea from being stolen or copied.

Yes. This tool generates a standard NDA based on templates vetted by legal professionals. When correctly filled out and signed by all parties, it is a legally enforceable contract under the Indian Contract Act, 1872. For highly sensitive or complex situations, we always recommend consulting with a lawyer.

If a party breaches the NDA by disclosing confidential information, the disclosing party can take legal action. This may include suing for financial damages, seeking a court order (injunction) to stop further disclosure, and recovering attorney's fees. The NDA serves as crucial evidence in such legal proceedings.

This generator covers the most common requirements for a business plan NDA. The generated document can be edited after it opens in a new tab. However, if you require highly specific clauses or are dealing with international parties, it's best to seek professional legal advice from Evaakil.com to draft a custom agreement tailored to your needs.