Mutual Non-Disclosure Agreement (NDA) Template
A professionally-drafted mutual NDA to protect confidential information shared between two parties. Free to use. Customize in minutes with Snifty Contracts.
What Is This Agreement?
A mutual non-disclosure agreement (NDA) is a legally binding contract that protects confidential information shared between two parties. Unlike a one-way NDA, a mutual NDA ensures both parties are equally bound to keep each other's information confidential.
When to Use This Template
- Exploring a potential partnership or joint venture
- Sharing proprietary data during M&A due diligence
- Collaborating on a new product or technology
- Disclosing financial information to potential investors
- Engaging contractors or consultants who also share their own IP
Key Clauses Included
- Definition of Confidential Information
- Obligations of Receiving Party
- Exclusions from confidentiality
- Term & Duration
- Return of Materials
- Remedies for breach
- Governing Law
Frequently Asked Questions
What is the difference between a mutual and one-way NDA?
A mutual NDA protects both parties equally, whereas a one-way NDA only protects the disclosing party. Mutual NDAs are preferred when both sides share confidential information.
How long should an NDA last?
Typical NDAs last 1-5 years. The confidentiality obligations often survive for an additional 1-2 years after termination.
Is an NDA legally enforceable?
Yes, NDAs are legally enforceable contracts when they have a clear definition of confidential information, reasonable scope, and proper consideration.
