DEFINITION of 'Confidentiality Agreement' (non disclosure agreement - NDA):
A legal agreement between two or more parties that is used to signify that a confidential relationship exists between the parties. A confidentiality agreement is used in strategic meetings where various parties become privy to sensitive corporate information, which should not be made available to the general public or to various competitors.
Also known as a "non-disclosure agreement (NDA)".
INVESTOPEDIA EXPLAINS 'Confidentiality Agreement'
A confidentiality agreement is a standard written agreement that is used when two companies start working together. Any individual that may have access to sensitive information is often required to sign a confidentiality agreement and it is often a clear indication that the information is private. This type of agreement is often used as an incentive to build trust between the parties and it is often used as clarification in the event of a legal battle.
Once again for those new to stock investing and whining about not getting an update, as defined above, you will not get an update until the completion of the negotiations. Under signed agreement, they cannot give out information during the negotiations. On completion of negotiations and a signed contract, a PR and 8K will be released. After that, you will get the CEO's updates as the business plan for Petrozene reaches milestones. Example: such as the deliver of the machines. This is not hard to understand if you apply reading comprehension to the definitons linked above.
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