Mutual Nda Template Pdf

Nothing in this agreement shall be construed to constitute an agency partnership joint venture or other similar relationship between the parties.
Mutual nda template pdf. The mutual non disclosure agreement happens to be intended for the situation when both the parties contemplate a particular agreement. Is disclosed pursuant to the lawful requirement of a court or governmental agency or where required by operation of law. Thus if one of these entities needs to expose any of its trade secrets during the exchange it will have a written and signed promise that any information deemed as confidential will not be misused or dispensed. All duties responsibilities and measurements of violations are written in the contract should any dispute occur.
If both sides are disclosing secrets to each other you should use this mutual or bilateral nondisclosure agreement. The mutual non disclosure agreement is intended for situations when two parties are contemplating an agreement and each discloses confidential information to the other for example when one company contemplates purchasing another or when an innovator and manufacturer are considering working together. Unlike a traditional nda where only one 1 party is bound to the agreement a mutual nda requires that both parties be withheld from sharing any information in regards to each others trade secrets business dealings and any other details agreed upon by the parties. The mutual non disclosure agreement nda template holds two entities who must share information with one another responsible for maintaining confidentiality.
A mutual non disclosure agreement nda is signed by companies and their business partners to ensure that both parties keep silent about everything that goes on in the business.