Non-Disclosure Agreements have become a common way to maintain the competitive advantage of a business by protecting confidential information. They are typically used when you are exploring possible business partnerships or ventures; however, before you can engage in such a partnership or venture, you must share information with another person or business. Having an NDA protects your business’ confidential information, such as trade secrets, and gives you remedies in case that information does fall into the wrong hands. Have a written document signed before sharing confidential information so both parties understand their obligations and cannot feign ignorance.