confidentiality agreement

noun

Definitions of confidentiality agreement

a contract preventing stopping a person or entity from passing on certain information that should be kept secret

A confidentiality agreement can offer some protection when you need to reveal secret information at meetings with potential business partners.

an agreement that a seller may request from a buyer to ensure that the details of a proposed transaction is not discussed with other parties

The purpose of the confidentiality agreement was to prevent other sellers from offering the buyer a better deal.