NDA stands for “Non-Disclosure Agreement.” One definition of a NDA is: a legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to or by third parties.
Every time an investor wants to see sensitive information in an offering, he will electronically sign a NDA. Our truCrowd Virtual Data Rooms have the functionality of traditional Data Rooms in an online environment.