The Puerto Rico Mutual Nondisclosure Agreement — Prospective Joint Venture or Co-Development Relationship (BRENDAN) is a legally binding document that outlines the terms and conditions for sharing confidential information between two or more parties in Puerto Rico who are considering entering into a joint venture or co-development relationship. This agreement ensures the protection of sensitive information exchanged during the preliminary discussions and negotiations surrounding a potential business collaboration. Keywords: Puerto Rico, Mutual Nondisclosure Agreement, Prospective Joint Venture, Co-Development Relationship, confidential information, sensitive information, preliminary discussions, negotiations, business collaboration. There are two main types of Puerto Rico Mutual Nondisclosure Agreements related to prospective joint ventures or co-development relationships: 1. Prospective Joint Venture Mutual Nondisclosure Agreement: This agreement is designed for parties in Puerto Rico who are exploring the possibility of forming a joint venture. It protects the confidential information shared during these early stages, allowing the parties to assess the feasibility and potential benefits of collaborating on a specific project or venture. 2. Co-Development Relationship Mutual Nondisclosure Agreement: This type of agreement applies to parties planning to engage in a collaborative development project in Puerto Rico. It aims to safeguard the exchange of confidential information related to research, technology, intellectual property, or proprietary information necessary for the successful execution of the co-development initiative. Both types of BRENDAN serve the same purpose — to ensure that the parties involved can share sensitive information with confidence, knowing that it will be kept confidential and not misused or disclosed to any third parties. This agreement establishes legal obligations and remedies in case of any breach, allowing parties to pursue appropriate legal action in Puerto Rico if necessary. By entering into a Puerto Rico Mutual Nondisclosure Agreement — Prospective Joint Venture or Co-Development Relationship, the participating parties demonstrate their commitment to maintaining confidentiality and fostering a secure environment for exploring potential business collaborations.