A Non-Disclosure Agreement (NDA) is a legally binding contract between two parties, the Disclosing Company and the Receiving Company, which sets out the terms and conditions under which confidential information is shared. It is designed to protect the confidential or proprietary information of the Disclosing Company from unauthorized use, disclosure, or distribution by the Receiving Company. There are two main types of Non-Disclosure Agreements by Disclosing Company and Receiving Company: unilateral and mutual. A unilateral NDA is one-sided, where only the Disclosing Company is bound to protect the Receiving Company’s confidential information. A mutual NDA is between two parties, and both parties are bound by the agreement to protect each other’s confidential information. The content of a Non-Disclosure Agreement by Disclosing Company and Receiving Company typically includes the following: the definition of confidential information, the scope of the agreement, the duties and obligation of both parties, the duration of the agreement, and any other pertinent terms and conditions. It is important that both parties understand all the terms of the agreement in order to properly protect the confidential information.
Mutual Non Disclosure Agreement Pdf
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