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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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Great experienceThe document was easy to create and the site is easy to use, well done team.
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Domenic
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Easy to useThe process of creating a trust deed is very simple and easy, i completed everything less than 5 minutes, with all information already prepared beforehand.
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Danny
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A good experienceFast and easy to use. The ability to remove clauses on the go would be helpful, as i end up downloading as a docx and deleting them manually. I did not use the esign feature because of this reason.
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Stafford
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Great starting pointThe document had over 90% of my need covered at the start.
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Anoop
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Thanks team!Fantastic site, a call from a lawpath topped it off as it is more help than ive recieved in 2 week of calling around.
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Tage
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What a great serviceIve never done anything like this before and my needs have been met with no effort at all!
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Haydn
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First tryThe document was easy to create....Unable to assess utility until i finish this review.
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john
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User friendlyIt is so easy to create a document through lawpath.
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Private user
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Quick and easy family trustThis was a very easy process and the result was a good quality trust deed that i can use for my company
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John
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AgreementOnly took a few minutes for a very detailed agreement
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Rich
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