Glossary Term
Confidential Disclosure Agreement
Definition
A Confidential Disclosure Agreement (CDA), also known as a Non-Disclosure Agreement (NDA), is a legally binding document used to protect proprietary or sensitive information shared between parties. In the MedTech industry, it ensures that intellectual property, trade secrets, and other confidential details remain protected during collaborations, negotiations, or evaluations.
Relevance to the MedTech Industry
CDAs are critical for safeguarding innovation in the MedTech industry. They allow companies to share information about product designs, research findings, or business strategies securely while exploring partnerships, investments, or licensing opportunities.
Additional Information & Related Terms
Intellectual Property (IP) Often protected through CDAs in early-stage discussions or partnerships.
Technology Transfer Agreement A CDA is often a precursor to more detailed agreements for sharing or licensing technology.
Clinical Research Organization (CRO) Typically enters into CDAs to safeguard trial-related data.
Licensing Agreement CDAs are used to protect proprietary information during licensing negotiations.