Q: Elaborate the concept of non disclosure Contract ?
Ans: Contract according to Section 2(h) of Indian Contract Act, 1872 :
According to section 2(h) of Indian Contract Act, 1872 , an agreement which is enforceable by law is a contract.
If Ram proposes Shyam to start the business of car manufacturing with compliance of non disclosure clause of car design, it is a proposal.
If Shyam accepts the proposal of Ram, it is acceptance which is also a promise and if shyam promises to do or not to do something ,it is a consideration.
So, if both Ram and Shyam forms consideration for each other with the confidentiality clause in the agreement, it is a non disclosure agreement. If tbe non disclosure agreement is enforceable in court of law, it would become the non disclosure contract.
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