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In a unilateral NDA, only one party agrees to keep the other party's confidential information private. However, in a bilateral NDA, both parties agree to keep the other's confidential information private.
A bilateral NDA (sometimes referred to as a mutual NDA or a two-way NDA) involves two parties where both parties anticipate disclosing information to one another that each intends to protect from further disclosure. This type of NDA is common for businesses considering some kind of joint venture or merger.
In Arizona, courts will only enforce NDAs if they are reasonable, meaning that overly restrictive NDAs may not protect an employer's confidential information if the matter goes to court. A reasonable, and therefore enforceable, NDA is one that is appropriately restrictive in time, geography, and content.
The obligations of confidentiality and limitation of use described in this Article 9 shall survive the expiration and termination of the Agreement for a period of two (2) years (or such longer period as may be required by law).
Depending on your needs, you can choose from three types of NDAs: unilateral, bilateral, and unilateral. Unilateral NDAs only require one party to disclose confidential information, while bilateral NDAs require two parties to disclose private information.
way confidentiality agreement (also known as a 'unilateral nondisclosure agreement') covers situations where only one party is disclosing confidential information, with the other party receiving it.
In Arizona, courts will only enforce NDAs if they are reasonable, meaning that overly restrictive NDAs may not protect an employer's confidential information if the matter goes to court. A reasonable, and therefore enforceable, NDA is one that is appropriately restrictive in time, geography, and content.
Non-disclosure agreements, or NDAs as they are sometimes called, are legally enforceable agreements between parties that are used to ensure that certain information will remain confidential.
Mutual or UnilateralA unilateral NDA means only one party is agreeing to protect the other party's confidential information; while a mutual NDA means both parties are agreeing to do so.
Each party shall keep such information confidential and cannot disclose any related information without the other party's prior written consent, but the following information shall not subject to such confidentiality: (a)information that is or will be generally known to the public (provided that such information does