Confidential
Disclosure Agreements (CDAs)
The Forms
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Q.
What is a Confidential Disclosure Agreement?
A. A CDA is an agreement that specifies the rights
and duties governing the transfer of confidential information from one
party to another, or between parties. It is a means by which parties
may discuss confidential information openly, without the concern that
any proprietary information will be improperly used.
As with Material Transfer
Agreements, a CDA is a binding legal document. By placing
your signature upon it, you are agreeing to abide by the terms and conditions
described in the agreement. Carefully read a CDA before signing it and
make sure that you understand all of the requirements.
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Q.
Why is this necessary?
A. Any information that is disclosed without a CDA
in place is free for anyone to use. A CDA will provide restrictions
and conditions for how the information may be utilized.
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