What Does “NDA” Mean? An NDA stands for Non-Disclosure Agreement. It is a legally binding contract in which one or more parties agree not to share confidential information with others. The information can include trade secrets, business strategies, client data, or intellectual property. In everyday terms: an NDA says, “You can know my secrets, but you can’t tell anyone else.”

What Does “Statement of Work” Mean? A Statement of Work (SOW) is a formal document that outlines the specific tasks, deliverables, timelines, and expectations of a project. It defines what work needs to be done, how it will be done, and the standards by which it will be measured. In practical terms, the SOW is the blueprint for collaboration between clients and service providers. It ensures both sides have the same understanding of scope, deadlines, and responsibiliti