Confidentiality Agreement/NDA: mutual-short

Confidentiality Agreement/NDA: Mutual – Short

Short form confidential agreement for use where both parties will disclose their confidential information to the other party.

Background

Why use Confidentiality Agreements?

Confidentiality Agreements (also known as NDAs) are used in corporate and commercial transactions, as a preliminary agreement to enable parties to disclose confidential information prior to them discussing the main transaction.

By first entering into an NDA, the parties can exchange confidential information with each other with the assurance that, if the negotiations on the main transaction break down, the confidential information which has been disclosed will be protected by a legally enforceable agreement. 

About this Confidentiality Agreement: Mutual – Short

This Confidentiality Agreement is for the mutual exchange of confidential information between the parties. 

All rights and obligations under the document apply equally to both parties in their capacity as both the discloser of their own confidential information and the recipient of the other party’s confidential information.

The document is a short form agreement, in the form of a letter agreement, and contains the principal legal protections for the benefit of a party in its capacity as the discloser of confidential information. 

Often, negotiations on the terms of NDAs become protracted due to unreasonable and excessive terms being included by whichever party provides the first draft of the agreement.

This template has been prepared and designed to enable the parties to quickly reach agreement on the NDA, to allow them to move onto the exchange of confidential information and discussions on the main transaction.

Document features

• 17 paragraphs over 3 pages
• Definition of Confidential Information
• Confidentiality obligations
• Permitted recipients to whom Confidential Information may be disclosed
• Circumstances in which compulsory disclosure may be made
• Return of Confidential Information to the owner
• Duration of agreement

Explanatory guidance

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

Alternative Confidentiality Agreements

For a longer form of mutual confidentiality agreement with more extensive protections for the benefit of the disclosing party, see NDA001.001 NDA: mutual – long. For forms of confidentiality agreement where only one party will disclose confidential information see NDA003.001 NDA: one way – long and NDA004.001 NDA: one way – short.

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