What is a mutual NDA?

In a unilateral NDA, one party agrees to non-disclosure of confidential information belonging to the other party. In a mutual NDA, both parties agree not to reveal the other's confidential information.

What is an example of a mutual NDA?

Sample Mutual NDA When Apple and Gorilla Glass partnered to make iPhones together, both had protections in their NDA to protect their proprietary information. Apple even went as far as to include a $50 million penalty if Gorilla Glass decided to break the agreement.

What is an example of a mutual NDA?

Sample Mutual NDA When Apple and Gorilla Glass partnered to make iPhones together, both had protections in their NDA to protect their proprietary information. Apple even went as far as to include a $50 million penalty if Gorilla Glass decided to break the agreement.

What should be included in a mutual NDA?

You should outline exactly what is expected to be kept confidential so that there are no questions about what you mean by the term. This includes whether or not you are allowed to provide the information to your employees as long as they have signed a separate employee confidentiality agreement.

What is the difference between an NDA and a mutual NDA?

In general, a non-disclosure agreement can be categorized as either a unilateral or mutual/bilateral NDA. In unilateral NDAs, only one party agrees not to disclose classified information. A mutual NDA means that both/all parties agree not to share any confidential information.

What is the purpose of a mutual NDA?

Obviously, the part of a mutual NDA that limits the other party is intended to protect confidential information. The mutual aspect protecting both parties also allows the parties to move ahead in pursuing a common goal, without either having to fear that confidential information will be disclosed to third parties.

How do mutual NDAs work?

A mutual confidentiality agreement is also sometimes called a mutual non-disclosure agreement. It is a legal document and contract that requires both parties that sign the agreement to not disclose any information protected by the agreement.

Does a mutual NDA protect both parties?

NDAs can be either mutual or one way. A mutual NDA requires each party to protect the confidential information to the other party. A one-way NDA contemplates that only one party will be disclosing confidential information.

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Mutual Nondisclosure Agreement THIS MUTUAL NONDISCLOSURE AGREEMENT is made and entered into as of , 20 between (Entity 1) with offices at and (Entity 2) with offices at . Purpose: The parties wish.

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