Contracts
Confidentiality refers to the obligation to protect private information shared between parties, ensuring that sensitive details are not disclosed without consent. This concept is vital in various scenarios, especially during negotiations, as it fosters trust and encourages open communication. Maintaining confidentiality can lead to more effective negotiations by allowing parties to share their true interests and positions without fear of their information being misused or disclosed publicly.
congrats on reading the definition of Confidentiality. now let's actually learn it.