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Non-Disclosure Agreement
I need a non-disclosure agreement to protect sensitive business information during discussions with a potential partner. The agreement should cover confidentiality obligations for a period of 3 years and include clauses for non-use and non-circumvention.
What is a Non-Disclosure Agreement?
A Non-Disclosure Agreement protects private business information by creating a legal duty to keep specific details confidential. Companies and professionals throughout New Zealand use these agreements to safeguard trade secrets, client data, and valuable business plans when sharing sensitive information with others.
Breaking an NDA in New Zealand can lead to serious legal consequences under contract law and the Fair Trading Act. The agreement spells out exactly what information must stay private, how long the duty of confidentiality lasts, and what happens if someone shares protected details without permission. Many Kiwi businesses require NDAs before starting negotiations, partnerships, or hiring new employees.
When should you use a Non-Disclosure Agreement?
Use a Non-Disclosure Agreement before sharing sensitive business information with potential partners, employees, or contractors. Common triggers include discussing a new product design, negotiating a business sale, or bringing on staff who will access customer data or trade secrets. Kiwi startups often need NDAs when pitching to investors or exploring manufacturing partnerships.
The agreement becomes essential when sharing financial records, client lists, or proprietary processes that give your business a competitive edge. Many New Zealand companies require NDAs during merger talks, software development projects, or when working with overseas partners. Getting it signed early prevents costly disputes and protects valuable intellectual property under local commercial law.
What are the different types of Non-Disclosure Agreement?
- NDA Agreement Form: Basic, all-purpose confidentiality agreement suitable for most business situations
- NDA For Website Development: Specialized for protecting website code, design assets, and client data during development projects
- Company NDA: Comprehensive agreement for protecting broader corporate interests and intellectual property
- NDA And Non Compete Agreement: Combines confidentiality with competition restrictions for key employees or partners
- NDA For Product Design: Tailored for protecting new product concepts, prototypes, and manufacturing specifications
Who should typically use a Non-Disclosure Agreement?
- Business Owners: Small to medium enterprises use NDAs to protect trade secrets, client lists, and business strategies when working with contractors or potential investors
- Employees: Staff members sign NDAs when starting work, especially in tech, finance, or roles involving sensitive data
- Consultants: Professional advisors need NDAs before accessing confidential client information for projects
- Investors: Angels and venture capitalists routinely sign NDAs before reviewing detailed business plans or financial data
- Legal Professionals: Lawyers draft, review, and enforce NDAs to ensure compliance with New Zealand commercial law and Fair Trading Act requirements
How do you write a Non-Disclosure Agreement?
- Define Scope: List exactly what information needs protection - trade secrets, customer data, processes, or intellectual property
- Identify Parties: Gather full legal names and contact details of everyone who will sign or be bound by the agreement
- Set Duration: Decide how long the confidentiality obligations will last after sharing information or ending the business relationship
- Specify Purpose: Clearly state why confidential information is being shared and how it can be used
- Use Our Platform: Generate a legally-sound NDA that automatically includes all required elements under New Zealand law, reducing drafting errors and ensuring enforceability
What should be included in a Non-Disclosure Agreement?
- Definition Section: Clear explanation of what constitutes confidential information under New Zealand law
- Party Details: Full legal names and roles of all parties involved, including their authorized representatives
- Scope Clause: Specific description of permitted uses and restrictions for the confidential information
- Duration Terms: Clear timeframe for confidentiality obligations and any survival provisions
- Return/Destruction: Requirements for handling confidential materials after the agreement ends
- Breach Consequences: Remedies and enforcement options under New Zealand contract law
- Signature Block: Space for dated signatures, witness details, and company seals where required
What's the difference between a Non-Disclosure Agreement and a Non-Compete Agreement?
A Non-Disclosure Agreement differs significantly from a Non-Compete Agreement in both purpose and scope under New Zealand law. While both protect business interests, they serve distinct functions and operate differently in practice.
- Purpose: NDAs focus solely on keeping information confidential, while non-compete agreements prevent someone from competing with your business or working for competitors
- Duration: NDAs often last indefinitely for trade secrets, but non-compete clauses must have reasonable time limits to be enforceable in New Zealand
- Scope of Protection: NDAs protect specific information and data, while non-competes restrict future employment or business activities
- Legal Enforcement: NDAs are generally easier to enforce in New Zealand courts, as non-compete agreements face stricter scrutiny and must be reasonable in geographic scope and duration
- Common Usage: NDAs are used across all business relationships, while non-competes typically apply only to employees and business partners
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