Non-Disclosure Agreement (NDA)

Venture capital

A Non-Disclosure Agreement (NDA) is a legal document stating that someone will not spread certain information disclosed to them.

PXR team portrait overview daniel
Corporate/M&A Lawyer and Authorised Signatory
Katharina Erbe Teaser
Corporate/M&A Lawyer

The parties disclosing information can protect themselves by making sure that sensitive information will not reach third parties - especially competitors. Within the NDA the information to be disclosed should be described as specifically as possible.

To ensure enforceability, it makes sense to stipulate a contractual penalty in the event of a breach of the NDA. Although claims for injunctive relief and damages exist even without a contractual penalty, in practice it is often difficult to prove quantifiable damage.