The bill aims to establish definitions related to nondisclosure agreements within the state of Michigan. It introduces the term "nondisclosure agreement" as an agreement or contract that includes a clause prohibiting a party from disclosing, discussing, describing, or commenting on the agreement or any of its terms. This clarification is intended to provide a clearer understanding of what constitutes a nondisclosure agreement under Michigan law.

Additionally, the bill specifies that it will not take effect unless certain other legislative measures, specifically Senate Bill No. ____ or House Bill No. ____, are enacted into law. This conditional enactment underscores the interconnected nature of legislative processes and the importance of related bills in the overall legal framework.