Rotate Legal Kentucky Non Disclosure Forms For Free

A mutual NDA, also known as a bilateral NDA, is a type of NDA where both parties agree not to disclose confidential information to third parties without prior written consent. In other words, the agreement is mutual and binds both parties equally.

If either party leaks information, whether accidentally or by their own volition, they will be held responsible and the second party will be able to use the NDA in the court of law to seek compensation for any damages which occurred due to the misappropriation of the information.

You do not need a lawyer to create and sign a non-disclosure agreement. However, if the information you are trying to protect is important enough to warrant an NDA, you may want to have the document reviewed by someone with legal expertise.

To get out of an NDA, you have to be sure that it is legally binding. For example, you cannot be liable for an NDA that covers up illegal activity by the issuer. A lawyer can help you assess your risks and determine how you should move forward.

A mutual NDA might also be useful in a situation where a party is reluctant to sign a one-sided unilateral agreement. Even if the information sharing is one-sided, a mutual agreement may be perceived as more equitable.

A mutual non-disclosure agreement is of no use against a business or an individual if the agreement is not signed by its parties to the agreement. Each party should sign two copies of the agreement and keep one, by which both the parties have an original signed agreement.