exali Glossary
Your encyclopedia of technical terms used in the insurance industry
The insurance industry is full of technical terms—from insurance policies and obligations to recourse claims. To help you keep track of everything, the exali glossary explains the main insurance terms in a simple, understandable, and practical way.
In the exali glossary, you will find not only definitions, but also practical examples, legal information, and references to the appropriate insurance coverage. This way, you always know where the risks lie—and how to protect yourself against them.
Search result
Nondisclosure Agreement
A nondisclosure agreement (NDA), or confidentiality agreement, is concluded between two contracting parties in order to maintain the confidentiality of confidential data.
For example, freelancers commissioned by companies may sign a nondisclosure agreement stating that they will keep all information made available to them within the scope of the assignment confidential - even after the assignment has ended.
A contractual penalty is agreed in the event of a breach of a nondisclosure agreement.
Claims for damages and contractual penalties due to the breach of confidentiality and nondisclosure agreements as well as breaches of data protection agreements are included in the Professional Indemnity Insurance from exali.
Term: Nondisclosure Agreement
Related Search Terms starting with N:
If you can’t find a term, please don’t hesitate to contact us. We will answer your question and add it to the glossary.
You can find more tips and information about your business, insurance and real claims in our News & Stories.