Mutual Non-Disclosure AGREEMENT
To build trust and transparency between a potential partner, employee or investor, a Mutual Non- Disclosure Agreement (NDA) would be a starting point in your business discussions.
Tip: Alternate name for the Mutual Non-Disclosure Agreement is a Confidentiality Agreement.
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WHY YOU NEED THIS
Our Mutual Non -Disclosure agreement is just that – MUTUAL. It mutually protects the disclosure of both, the Discloser and the Recipient’s intellectual property that is essential to the operation of both parties. Which means BOTH of you are held responsible for each other’s disclosed confidential information. Basically, you can DISCLOSE your own information and be protected, and you can RECEIVE their information and they can be protected as well. So their business processes, your recipes, database information and the secret techniques you use to get repeated results, can belong in this agreement.
This type of NDA builds trust and more effective collaboration through transparency.
Before you share your trade secrets with another person, for the purpose of greater profit, legally bind that person or company to “keep your secret” with an NDA.
Who can use this
A Mutual Non-Disclosure Agreement or NDA (commonly known as Confidentiality Agreement) is an Agreement that the Recipient of the information (person or Company or Recipient) will not disclose the Discloser’s specific information for the purpose of the business transaction. This is a FULL agreement that protects both parties – the Disclosure and the Recipient.