Mutual Non-Disclosure Agreement (NDA)

Mutual Non-Disclosure Agreement (NDA)

Submitted by rebecca82 on

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A Mutual Non-Disclosure Agreement, or NDA, is a form binding two parties to keep each other's business information confidential. This agreement is used when both parties involved in a negotiation are disclosing confidential information. If you have trade secrets, then you need to have something like this signed whenever you disclose confidential information to a third-party.  If you are disclosing information but the other party is not, then you can use a "one way NDA," which can also be found on Free Legal Aid. 

 

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MUTUAL NONDISCLOSURE AGREEMENT

 

This Nondisclosure and Nonuse Agreement (“Agreement”) is entered into by and between ABC Company Inc. a _______________________corporation with its principle place of business located at _______________________ (“ABC Company”) and Xyz company Inc., a _______________________corporation with its principal place of business located at_______________________, ____________ (“the Company”) as of the date set forth above the parties’ signatures (the “Effective Date”).

 

Preliminary Statement

 

ABC Company and the Company wish to exchange certain business and other information in the course of discussions regarding                                              (the “Purpose”).  In consideration for the parties’ discussions and any access that each party (referred to as a “Receiving Party”) has to the confidential and proprietary information of the other party (referred to as a “Disclosing Party”), each Receiving Party hereby agrees as follows:

 

Agreement

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