Confidentiality Agreements

B.

The type of agreement that creates a confidential relationship between parties to protect confidential and proprietary information or trade secrets is an NDA (Non-Disclosure Agreement).

An NDA is a legally binding agreement that outlines the terms and conditions of confidential information that may be shared between parties, including the type of information that is considered confidential and the circumstances under which it can be shared.

The purpose of an NDA is to prevent the unauthorized disclosure of sensitive information, including trade secrets, proprietary information, customer lists, financial information, and other confidential information. By signing an NDA, the parties agree to keep the confidential information confidential and to use it only for the intended purpose.

An SLA (Service Level Agreement) is a type of agreement that defines the level of service that one party will provide to another, typically in the context of a business relationship. An SLA does not typically involve the sharing of confidential information.

Non-price competition refers to the competition between businesses based on factors other than price, such as quality, innovation, customer service, and brand reputation. Non-price competition does not involve any type of agreement between parties.

CNC (Computer Numerical Control) is a term used in manufacturing to describe the automation of machine tools through the use of computers. CNC does not involve any type of agreement between parties and is not related to the protection of confidential information.

In summary, the type of agreement that creates a confidential relationship between parties to protect confidential and proprietary information or trade secrets is an NDA.