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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 (360 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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That seemed to work wellI haven't had a full chance to review the document yet, but it looks like it is going to suit our needs well.
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Ian S
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Almost great experienceThe free document should be downloadable in 'word' format without preconditions to subscribe to your service.
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Shaharyar
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Super easy & quick to create!An extremely thorough article is created in next to no time, ready for you to implement on your blog, with full assurance that you are covering all aspects of use that you need to take into account. Thanks my.Lawpath.Com!
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John M
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Quick and easyDocument was created quickly and will be perfect for my business
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Brock12345
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So easy to use!!!Very easy to make the form i needed. Just what i need for my new (soon to begin) business.
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beswicklj
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Very easy experienceThe joint venture document was easy to find and use
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Nikki Q
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Good expereinceThis process of document creation was exactly what i need at this time.
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tubi
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The mavenAll this time i've been fretting over how to find the funds to create this important element of my website legals - thank you! You not only saved me time you saved my backon.
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Private user
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Easy basic documentThe document was easy to complete and suited my needs.
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wrbuz
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Needs more fields for equity offersGood ui but needs more fields and at leats a custom area to add additional custom clauses
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Rodn
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