Question

seymour and joselyn each own their own businesses, but they have decided that they want to form a partnership. they want to be able to disclose information that they do not divulge publicly with each other and trust that they will each keep the other’s secrets. what type of agreement will both parties need to sign to enforce this? non - disclosure agreement (nda) non - compete agreement (nca) honest - partnership agreement (hipa) trade secrets agreement (tsa)

Explanation:

A non - disclosure agreement (NDA) is used to protect confidential information. It legally binds parties to keep certain information secret and not disclose it to third - parties. In this case, Seymour and Joselyn want to share non - public information and ensure its confidentiality, which is the purpose of an NDA. A non - compete agreement (NCA) restricts competition between parties, an honest - partnership agreement (HIPA) is not a standard legal term in this context, and a trade secrets agreement (TSA) is more focused on protecting specific trade - related secrets rather than general non - public information sharing.

Answer:

A. non - disclosure agreement (NDA)