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Non-Disclosure Agreement (Mutual)

This Non-Disclosure Agreement binds both parties in a transaction or venture to not disclose each other's confidential information.
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4.6 (362 reviews)
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Under 10 minutes

Document Overview

This Non-Disclosure Agreement binds both parties in a transaction or venture to not disclose each other's confidential information. It is normally signed alongside other documents key to that transaction or venture, and included as an attachment to those documents. It is drafted to allow both parties to participate in the transaction or venture by sharing sensitive information to the extent required.

This NDA is a binding legal contract. Therefore, when a breach or violation occurs by way of an unauthorized disclosure, you are able to claim rights in dispute against the violating or disclosing party. These rights are outlined in the provisions of this agreement - some resolutions can include;

  • an injunction;
  • damage for loss; and
  • court orders.

This NDA uses broad definitions of the categories of confidential information that are being protected. Parties may wish to add specific details to these definitions as needed

In situations where it will be exclusively, or predominantly, one party sharing sensitive information with the other, parties should instead consider using a one-way Non-Disclosure Agreement.

Use this Non-Disclosure Agreement (Mutual) if:

  • You would like to disclose confidential information in a negotiation and want it not be in the public domain (ie. competitors, successors);

  • You would like to put restrictions on the use of confidential information;

  • You would like to maintain secrecy of information when working with contractors or potential investors;

  • You would access confidential information that belongs to someone else; and

  • You would like to protect confidential information including intellectual property, financial projections, customer lists and trade secrets.

What does the Non-Disclosure Agreement (Mutual) cover?

  • A description of the confidential information;

  • Confidential rights and obligations of the parties;

  • Protection of sensitive information;

  • Return of confidential information at the end of the agreement;

  • Obligations regarding proper use of the information; and

  • Circumstances where disclosure is permitted.

Other names for Non-Disclosure Agreement include:

  • NDA

  • Confidentiality Agreement

  • Confidential Disclosure Agreement (CDA)

  • Proprietary Information Agreement (PIA)

  • Secrecy Agreement (SA)

  • Confidentiality Contract

  • Gag Order

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Here's what people say about Lawpath’s Non-Disclosure Agreement (Mutual)
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So easy to use, good experienceSo easy to use, good experience, happy to refer and come back for other services
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Stephen
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Clear and straightforwardThis document was clear to follow and got me thinking through the complexities of how i leave my estate. There is no room on this document for many of these complexities but it is a great start.
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fossilg
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Easy to use!Website was easy to use! Made creating website policies and documentation a breeze.
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gm55
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Simple and easy to useIt was easy to create the document and it looks great
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Adrian
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Foundation laid. So simpleGreat foundation...Compared to the initial costs and discussions being had
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Yoshiie
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Sooo easy!Without having seen the document yet, so far this process has been amazingly quick!
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Elise
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Fast and easyWas over all a pretty painless experience to get the job done.
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Rory
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Pretty good overallIt was easy to use and covered the basics that i needed.
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Shelley
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AmazingEasy simple document, which is amazing as it is free
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Connect Fitness
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Really good experienceFound the tool really good to use and very easy to navigate
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Mike
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