A Nondisclosure Agreement of Proprietary Information of Disclosing Party is a legally binding document between two or more parties, where one party (the Disclosing Party) agrees to share proprietary or confidential information with the other party (the Receiving Party). The purpose of this agreement is to protect the Disclosing Party's confidential information from being disclosed to third parties. This agreement typically includes provisions specifying the duration of the agreement, the scope of the confidential information, the Receiving Party's obligations and restrictions, and the remedies available to the Disclosing Party in the event of breach of the agreement. There are two main types of Nondisclosure Agreement of Proprietary Information of Disclosing Party: unilateral and mutual. A unilateral Nondisclosure Agreement of Proprietary Information of Disclosing Party is an agreement between only one party — the Disclosing Party – and the Receiving Party. A mutual Nondisclosure Agreement of Proprietary Information of Disclosing Party is an agreement between both parties — the Disclosing Party and the Receiving Party — where both parties must protect each other’s confidential information.