BizCounsel's dictionary of legal terms defines common terms concerning business contracts, employment law, and more.
A written agreement between two or more parties in which one party or agrees to do or not do some specified act and the other party or parties agree to compensate the other for such performance or nonperformance.
See Also: Contract, Covenant Not to Compete
A liquidated damages clause is a section of the NDA that establishes the monetary consequences when there's a breach of the agreement.
Oct. 7, 2019Non-disclosure agreements (NDAs) play an important role in facilitating strong business relationships and securing confidential business information.
Oct. 7, 2019Your access and use of this website are subject to our Terms of Use and Privacy Policy. Any membership in a BizCounsel plan is further governed by our Legal Plan Contract and Terms of Service.
BizCounsel provides access to independent attorneys at your direction. BizCounsel is not a law firm or lawyer referral service and cannot provide any advice or opinion about your legal rights. Membership in a legal plan is not an endorsement of any firm or attorney. Information you submit through this site may not be protected by attorney-client privilege.
LegalZoom is a registered trademark of LegalZoom.com Inc. BizCounsel is not affiliated with LegalZoom and nothing on this site or otherwise is intended to imply LegalZoom.com Inc. endorses or approves of BizCounsel or its services.
BizCounsel provides access to independent attorneys at your direction. BizCounsel is not a law firm or lawyer referral service and cannot provide any advice or opinion about your legal rights.
© 2020 BizCounsel, Inc.
