A Mutual Confidentiality Agreement between a Disclosing Party and a Receiving Party is a contract that governs the sharing of confidential information between the two entities. The agreement typically sets out the conditions under which the information may be shared and how it should be protected. Commonly, the agreement will include a statement of purpose, definitions of confidential information, obligations of the parties, restrictions on disclosure, confidentiality obligations, and rights of the parties. Types of Mutual Confidentiality Agreements between Disclosing Party and Receiving Party include: 1. Stand-alone Mutual Confidentiality Agreement: This is a stand-alone agreement that is signed by both the Disclosing and Receiving Parties and governs the sharing of confidential information between the two. 2. Mutual Non-Disclosure Agreement: This type of agreement is usually incorporated into a larger contract or agreement between the parties. It sets out the conditions under which the confidential information can be shared and how it should be protected. 3. Mutual Non-Compete Agreement: This type of agreement is used when parties are entering into a business relationship. It sets out the conditions under which the parties will not compete with each other. 4. Mutual Non-Circumvention Agreement: This type of agreement is used to ensure that neither party will attempt to circumvent the other in a business transaction. It sets out the conditions under which the parties will not engage in any activity that would undermine the terms of the agreement.
Mutual Confidentiality Agreement between Disclosing Party and Receiving Party
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FAQ
A mutual non-disclosure agreement, or 2-way NDA, is a document that two parties can use to agree not to disclose confidential information to any third party. If either party releases any of the information shared, they may be liable to legal and monetary damages.
As to any particular Confidential Information (as hereinafter defined), the ?Discloser? is the party disclosing such Confidential Information and the ?Recipient? is the party receiving such Confidential Information.
The party that discloses the information is referred to as the disclosing party. The party receiving the information is known as the receiving party. A non-disclosure agreement can be used in many ways. This kind of document is very commonly used with employers and employees.
The Disclosing Party means and includes directors, officers, employees, advisers, consultants by whatever name called of Investment Manager, the Sponsor, the Project Manager or any of their Associates / Related Parties as defined under InvIT Regulations.
The two main types of NDAs are Unilateral and Mutual. Unilateral NDAs are used when only one party is disclosing information such as an employer, a startup or a company to an employee, investor or consultant respectively. On the other hand, a mutual NDA is used when both parties are disclosing confidential information.
In the sample agreement, the "Disclosing Party" is the person or company disclosing secrets. The "Receiving Party" is the person or company who receives the confidential information and is obligated to keep it secret.
?Disclosing Party? means the party disclosing Confidential Information to the other party, including any Affiliate of such other party. ?Receiving Party? means the party receiving Confidential Information from the other party, including any Affiliate of such other party.
The Parties wish to protect that Confidential Information. Disclosing Party means the Party whose Confidential Information is received by the Recipient Party. Recipient Party means the Party that receives the Disclosing Party's Confidential Information.