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Frequently asked Questions
A Non-Disclosure Agreement (NDA) is a legally binding contract under the Indian Contract Act, 1872, that ensures confidentiality of sensitive information shared between parties.
An NDA protects trade secrets, IP and business data, builds trust with partners and reduces legal risks, per Indian Contract Act, 1872.
Use an NDA before sharing sensitive information with employees, consultants, partners or during negotiations, partnerships or fundraising.
Clear definitions of confidential information, parties involved, duration, obligations, remedies for breaches and governing law (e.g., Indian Contract Act).
Yes, when properly executed and stamped per Stamp Act, 1899, an NDA is enforceable under the Indian Contract Act, 1872.
NDAs prevent unauthorized use or disclosure of IP, such as trade secrets, designs or innovations, safeguarding business assets.
Breaches can lead to civil lawsuits for damages or injunctions under the Indian Contract Act, 1872 and potential criminal liability for theft of trade secrets.
NDAs typically last 1–5 years or indefinitely for trade secrets, depending on the agreement’s terms and business needs.
Employees, freelancers, consultants, partners or investors accessing confidential information should sign an NDA to ensure protection.
Novam Legal provides customized NDAs with industry-specific clauses, Stamp Act compliance and execution support for robust confidentiality.
A professionally drafted NDA addresses unique business needs, ensures legal enforceability and minimizes risks compared to generic templates.
Yes, stamp duty under the Stamp Act, 1899, varies by state to make the NDA legally enforceable in India.
