Two-Way NDA

1. Purpose The parties wish to explore a potential business relationship and, in connection with this, may share confidential information. This Agreement sets forth the terms under which confidential information may be disclosed and protected. 2. Definition of Confidential Information "Confidential Information" means any non-public, proprietary, or sensitive information disclosed by one party ("Disclosing Party") to the other party ("Receiving Party") in any form (written, oral, electronic, or otherwise). Confidential Information includes but is not limited to trade secrets, financial data, business strategies, marketing plans, technical information, product designs, and customer lists. 3. Obligations of Confidentiality The Receiving Party agrees to:
  • Maintain the confidentiality of the Confidential Information.
  • Use the Confidential Information solely for the Purpose stated in this Agreement.
  • Not disclose or share the Confidential Information with any third party without prior written consent from the Disclosing Party.
  • Take reasonable precautions to protect the Confidential Information from unauthorized access or disclosure.
4. Exclusions Confidential Information does not include information that:
  • Is or becomes publicly available through no breach of this Agreement.
  • Is lawfully received from a third party without breach of any obligation.
  • Is independently developed by the Receiving Party without reference to the Confidential Information.
5. Term and Termination This Agreement shall commence on the Effective Date and remain in effect for [Insert Term] years. Either party may terminate this Agreement with [Insert Notice Period] days' written notice. However, confidentiality obligations shall survive for [Insert Duration] years post-termination. 6. No License or Ownership Transfer Nothing in this Agreement shall be construed as granting any license or ownership rights to the Receiving Party concerning the Confidential Information. 7. Governing Law This Agreement shall be governed by and construed in accordance with the laws of [Insert Jurisdiction]. 8. Remedies Each party acknowledges that a breach of this Agreement may cause irreparable harm, entitling the Disclosing Party to seek injunctive relief in addition to any other remedies available at law. 9. No Waiver Failure by either party to enforce any provision of this Agreement shall not constitute a waiver of any rights. 10. Entire Agreement This Agreement constitutes the entire agreement between the parties concerning its subject matter and supersedes any prior agreements or understandings. IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date.

Party A:

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Party B:

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