What is a NDA?

A non-disclosure agreement, also known as NDA, is a legally binding contract that establishes a confidential relationship. The party (or parties) signing the agreement agree that sensitive information they may obtain will not be made available to any others. An NDA may also be referred to as a confidentiality agreement.

Members of Electra Protocol and Electra Foundation are signing NDAs when being in talks with partners over the implementation of agreements, such as to list XEP to be traded. A NDA allows the parties to share sensitive information without fear that it will end up in the hands of competitors.  Since the contents of the negotiations are usually secret, no involved party is allowed to talk about details on the intended outcome of the cooperation.