Mutual NDA Template

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Template version

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Mutual NDA Template

A Mutual Non-Disclosure Agreement is also known as a proprietary information agreement (PI), secrecy agreement (SA), confidential disclosure agreement (CDA) or confidentiality agreement (CA). It allows for both parties which are contemplating coming together for a transaction, as well as other business relationships, to ensure that what they disclose in their dealings to the other will be kept confidential.

Why Mutual?

This NDA (also called a bilateral NDA or two-way NDA) involves two parties where both parties anticipate disclosing information to one another that each intends to protect from further disclosure. This type of NDA is common when businesses are considering some kind of joint venture, business relationship or merger. A Mutual NDA is intended to protect both parties equally from the other disclosing confidential information that they provide.

Included in this Contract

  • The names of the parties entering this agreement;
  • What is generally defined as confidential information;
  • What might reasonably be excluded from confidential information;
  • The standard of care required by the recipient of confidential information;
  • What the consequences are if confidential information is unlawfully disclosed;
  • How long information is required to be kept confidential;
  • Common boilerplate clauses.

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Further Reading

Read more about Boilerplate Clauses – What Are They and Why Are They Important? Click here

Barter McKellar Law

This document is supplied by Barter McKellar Law.

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