Free Mutual Non-Disclosure Agreement (NDA) Template
When do you need a Mutual NDA? Whenever you plan to share proprietary information with a business associate. The sample NDA included below:
- Provides for the protection of shared information such as customer lists, trade secrets, and operational procedures. You can amend the agreement to include a variety of other types of proprietary information as well, including financial information, business strategies, and intellectual property
- Requires parties to the agreement to keep the information identified confidential and outlines legal remedies if either party violates the agreement
- Calls for arbitration (that is, legal settlement out of court) in the event that one party violates the terms of the agreement and a dispute results
You can use this Mutual Non Disclosure Agreement* (also sometimes called a Confidentiality Agreement, a Confidential Disclosure Agreement, or a Proprietary Information Agreement) for any project that requires you to share confidential information with a business partner.
This Mutual Non-Disclosure Agreement includes the following sections:
- Confidential Material
- Use and Treatment of Confidential Material
- Return of Confidential Material
- Binding Effect
- Employee Solicitation / Hiring
- Attorney's Fees
- Waiver and Modification
- Entire Agreement
Download the sample Mutual NDA for free.
Find the Right Contracts to Protect Your Growing Business
Using contracts is an essential part of risk management for any IT business. Contracts like the NDA help you limit your legal liability and decrease the likelihood that you'll have to pay damages in the event of a lawsuit brought against your company. But chances are, you'll need more than one contract to run a business. You can find two other free sample contracts through TechInsurance.
Remember, too, that using contracts is only one prong of the risk-management fork for IT businesses. Investing in appropriate insurance is another key facet of keeping your business healthy and avoiding costly legal fights. If you've introduced new products or services recently, added employees to your firm, or made any other changes, there's a good chance your insurance needs have changed as well.
Talk to a TechInsurance agent today to find out whether you need to update your liability insurance policy to ensure that your assets are protected.
*The forms included in this product are intended for reference and informational purposes only. These forms are not intended to be used to address a specific legal need you may have without the review of a knowledgeable authority. The specific circumstances of your legal situation may require modifications to the forms included in this product or may result in a particular form being poorly suited to your need due to the specifics of your situation. Additionally, these forms were written based on general legal principles existing at a specific point in time. The laws may have changed since these forms were written or the law of your specific jurisdiction may require consideration of issues not addressed in these documents or may require a different approach to the problem than is used here. Because we cannot decide whether any particular form is appropriate for your legal needs with or without modification, these forms should not be used as a replacement for seeking help from a licensed attorney should you believe such assistance to be appropriate.