NEAR provides a built-in system to automatically create non-disclosure agreements (NDA) and electronic contracts within the platform. When publishing the project, the customer can choose the non-disclosure agreement, the electronic contract, or both, so that the system automatically generates the required documents according to the project data and the type of service.
The documents include basic terms, such as scope of work, intellectual property rights, confidentiality of information, delivery mechanism, payments, time period, and terms for modification or termination. The two parties can review, approve and sign documents electronically directly through the platform before starting implementation, while keeping them in the project record, ensuring that the contractual relationship is documented, confidential information is protected, intellectual property rights are preserved, and trust and transparency are enhanced between all parties.