Buyers are often asked to sign _____,which means that they will not share any information about the new products with anyone who has not also signed such an agreement.
A) Non-compete clauses
B) Nondisclosure agreements
C) Cost-plus contracts
D) Fixed-price agreements
E) Progress payment contracts

Question

Quizplus · Accepted Answer

Nondisclosure agreements are designed to protect confidential information and trade secrets. Buyers may be asked to sign such agreements to ensure that they do not share any information about new products with unauthorized parties. This helps protect the company's competitive advantage and intellectual property. Non-compete clauses may be included in employment contracts, but they are not necessarily relevant in the context of buying new products. Cost-plus contracts, fixed-price agreements, and progress payment contracts are terms used in different types of procurement contracts and are not directly related to confidentiality agreements.

Buyers Are Often Asked to Sign _____,Which Means That They