A non-solicitation agreement restricts a person from acquiring a company’s customers and employees for their own benefit. It is a common requirement for employees and for sellers of businesses to protect an organization’s human resources and customer data.
A non-disclosure agreement (NDA) prohibits someone from sharing confidential and proprietary information with a third (3rd) party. The prohibited information commonly involves trade secrets that an individual or company does not want to reveal to competitors or the general public.