Mutual Non-Disclosure Agreement
Human Resources
This mutual non-disclosure agreement will prevent parties that conduct business together from disclosing each other’s confidential information or trade secrets to others.
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About This Form
A Mutual Non-Disclosure Agreement (MNDA) is a legal contract between two or more parties that outlines the confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict from wider use or dissemination. The agreement ensures that the parties involved will not disclose or use the confidential information for any purpose other than that specified in the agreement. This is crucial for businesses that need to protect their trade secrets and other sensitive information during negotiations or collaborations.
When to Use This Form
- When entering into negotiations with another business
- If you are sharing sensitive information with a potential partner or investor
- During collaborations that involve proprietary information
- When hiring contractors or consultants who will have access to confidential data
- To protect trade secrets and business strategies
Key Features
- Defines what constitutes confidential information
- Specifies the obligations of each party regarding the protection of confidential information
- Includes the duration of the confidentiality obligations
- Outlines the consequences of a breach of the agreement
- May include exceptions to confidentiality obligations
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