Mutual Non-Disclosure Agreement
This Mutual Non-Disclosure Agreement (the "Agreement") is entered into on [Date] (the "Effective Date") between [Party A legal name], [address] ("Party A"), and [Party B legal name], [address] ("Party B"). Each party may disclose or receive Confidential Information under this Agreement.
1. Purpose
The parties want to share information to evaluate [a potential business relationship concerning ...] (the "Purpose").
2. Confidential Information
"Confidential Information" means any non-public information disclosed by one party (the "Discloser") to the other (the "Recipient"), in any form, that is marked as confidential or that a reasonable person would understand to be confidential. This includes business plans, product designs, source code, customer lists, pricing and financial information.
3. Exclusions
Confidential Information does not include information that the Recipient can show:
- is or becomes public through no fault of the Recipient;
- was already known to the Recipient without a duty of confidentiality;
- is independently developed by the Recipient without using the Discloser's information; or
- is received from a third party who is allowed to disclose it.
4. Obligations
- Use Confidential Information only for the Purpose.
- Protect it with at least the same care the Recipient uses for its own confidential information, and never less than reasonable care.
- Share it only with employees, contractors and advisors who need it for the Purpose and who are bound by confidentiality obligations at least as protective as these.
5. Required disclosure
If the law or a court requires the Recipient to disclose Confidential Information, the Recipient will, where allowed, notify the Discloser promptly and disclose only what is required.
6. Return or destruction
When the Discloser asks, or when this Agreement ends, the Recipient will return or destroy the Discloser's Confidential Information, except copies kept in routine backups or required by law, which remain protected by this Agreement.
7. No license or obligation
This Agreement does not grant any license to intellectual property, and it does not require either party to enter into any further agreement or transaction.
8. Term
This Agreement lasts for [1] year from the Effective Date. The obligations in sections 4 to 6 continue for [3] years after the Agreement ends, and for trade secrets, for as long as they remain trade secrets.
9. Remedies
Unauthorized disclosure may cause harm that money alone cannot fix, so the Discloser may seek an injunction or other equitable relief in addition to any other remedies.
10. General
This Agreement is governed by the laws of [State / Country]. It is the entire agreement between the parties about its subject matter and can only be changed in writing signed by both parties.
Signatures
[Party A legal name]
Name: ____________________
Title: ____________________
Date: ____________________
[Party B legal name]
Name: ____________________
Title: ____________________
Date: ____________________