Mutual Confidentiality Agreement between Disclosing Party and Receiving Party
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If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
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FAQ
A mutual non-disclosure agreement, or 2-way NDA, is a document that two parties can use to agree not to disclose confidential information to any third party. If either party releases any of the information shared, they may be liable to legal and monetary damages.
As to any particular Confidential Information (as hereinafter defined), the ?Discloser? is the party disclosing such Confidential Information and the ?Recipient? is the party receiving such Confidential Information.
The party that discloses the information is referred to as the disclosing party. The party receiving the information is known as the receiving party. A non-disclosure agreement can be used in many ways. This kind of document is very commonly used with employers and employees.
The Disclosing Party means and includes directors, officers, employees, advisers, consultants by whatever name called of Investment Manager, the Sponsor, the Project Manager or any of their Associates / Related Parties as defined under InvIT Regulations.
The two main types of NDAs are Unilateral and Mutual. Unilateral NDAs are used when only one party is disclosing information such as an employer, a startup or a company to an employee, investor or consultant respectively. On the other hand, a mutual NDA is used when both parties are disclosing confidential information.
In the sample agreement, the "Disclosing Party" is the person or company disclosing secrets. The "Receiving Party" is the person or company who receives the confidential information and is obligated to keep it secret.
?Disclosing Party? means the party disclosing Confidential Information to the other party, including any Affiliate of such other party. ?Receiving Party? means the party receiving Confidential Information from the other party, including any Affiliate of such other party.
The Parties wish to protect that Confidential Information. Disclosing Party means the Party whose Confidential Information is received by the Recipient Party. Recipient Party means the Party that receives the Disclosing Party's Confidential Information.
