A nondisclosure agreement (NDA) is used to:

Question

A nondisclosure agreement (NDA) is used to:

BlackTom AI · Accepted Answer

When evaluating what an NDA is used for, it helps to examine what each option implies about confidentiality and legal protection.
Option 1: 'Patent a new invention' – Patents are obtained by filing an application with the patent office and meeting criteria for novelty and non-obviousness. An NDA does not grant or secure patent rights; it simply binds parties to confidentiality regarding information, not the formal grant of patent protection.
Option 2: 'Register a copyright' – Copyright registration is a formal process with a government registry to protect original works of authorship. An NDA does not register or create copyright protection; it is an agreement governing disclosure and handling of information.
Option 3: 'Protect trade secrets by legally preventing disclosure' – This aligns with the core purpose of NDAs. They are legally enforceable agreements that restrict the receiving party from disclosing or misusing confidential information, thereby helping to protect trade secrets and sensitive data.
Option 4: 'Secure a business loan' – While lenders may require certain documents, an NDA is not a tool used to secure loans. It does not establish credit terms, collateral, or loan approval processes, and is unrelated to financing arrangements.
Option 5: 'Enforce a trademark' – Trademarks are protected through registration and opposition processes with trademark offices. An NDA does not enforce or grant trademark rights; it covers confidentiality rather than branding legal protections.
In summary, an NDA is specifically about preventing disclosure of confidential information and safeguarding trade secrets, rather than patenting, copyright registration, loan securing, or trademark enforcement.

T BGEN 218 B Final Exam

A nondisclosure agreement (NDA) is used to:

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