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What is a unilateral NDA?

Elaine Chen

According to Wikipedia:

"A unilateral NDA (Sometimes referred to as a one-way NDA) Involves two parties where only one party (i.e; The disclosing party) Anticipates disclosing certain information to the other party (i.e; the receiving party) and requires that the information be protected from further disclosure for some reason (e.g; maintaining the secrecy necessary to satisfy patent laws[1] or legal protection for trade secrets, limiting disclosure of information prior to issuing a press release for a major announcement, or simply ensuring that a receiving party does not use or disclose information without compensating the disclosing party)."

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