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Non-disclosure agreement (NDA) Legal

Definition

Legal contract between two parties that outlines confidential material.

Comments

In the private equity world, NDAs (also known as confidentiality agreements or CAs) often last one to two years and are executed prior to receiving the confidential information memorandum (CIM) which describes the business in detail and provides a financial summary.

Referring Terms

Confidential information memorandum (CIM)

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