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

A unilateral NDA means only one party is agreeing to protect the other party's confidential information; while a mutual NDA means both parties are agreeing to do so.

What does a confidentiality agreement cover?

Term of agreement and survival of nondisclosure obligations Confidentiality agreements can run indefinitely, covering the parties' disclosures of confidential information at any time, or can terminate on a certain date or event.

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Mutual Confidential Disclosure Agreement

Philadelphia Pennsylvania Mutual Confidential Disclosure Agreement

Name: Philadelphia Pennsylvania Mutual Confidential Disclosure Agreement
Brand: US Legal Forms
Rating: 4.8 (290 reviews)

Category:

Contracts - Confidentiality and Nondisclosure

State:

Multi-State

County:

Philadelphia

Control #:

US-0309BG

Format:

Instant download

Description

This form is a mutual confidential disclosure agreement. A confidential disclosure agreement is a legal contract executed between institutions permitting the exchange of information that is confidential to one or both parties. It shall specify the scope of the confidential information and the period during which information will be considered confidential.

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FAQ

A Confidential Disclosure Agreement (CDA), also referred to as non-disclosure agreement (NDA) or secrecy agreement, is a legal agreement between a minimum of two parties which outlines information the parties wish to share with one another for certain evaluation purposes, but wish to restrict from wider use and

A mutual confidentiality agreement (also known as a non-disclosure agreement or NDA) where both parties will be disclosing confidential information to each other for general commercial purposes.

Non-disclosure agreements are common for businesses entering into negotiations with other businesses. They allow the parties to share sensitive information without fear that it will end up in the hands of competitors. In this case, it may be called a mutual non-disclosure agreement.

A unilateral NDA means only one party is agreeing to protect the other party's confidential information; while a mutual NDA means both parties are agreeing to do so.

Term of agreement and survival of nondisclosure obligations Confidentiality agreements can run indefinitely, covering the parties' disclosures of confidential information at any time, or can terminate on a certain date or event.

To create a legally-binding non-disclosure contract, you must use specific language when defining confidential information, parties, and scope. Broad language that can be interpreted many ways may not hold up in a legal dispute.

A Recipient must use all reasonable efforts to ensure that any Confidential Information in its possession, custody or control is secure at all times. Without limiting this obligation, the Recipient must keep the Confidential Information no less secure than its own confidential information.

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.

It is a contract through which the parties agree not to disclose any information covered by the agreement. An NDA creates a confidential relationship between the parties, typically to protect any type of confidential and proprietary information or trade secrets. As such, an NDA protects non-public business information.

More info

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Philadelphia Pennsylvania Mutual Confidential Disclosure Agreement

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