Description
What is a Mutual Confidentiality Agreement?
A mutual confidentiality agreement is a contract between two parties that restricts the use or disclosure of confidential information. This type of agreement can protect both parties that share information and data. The receiving party may not misuse such information, nor disclose the company’s confidential information.
What business needs a Mutual Confidentiality Agreement?
A mutual confidentiality agreement can be a valuable tool when your business will be exchanging confidential information with another business. Accordingly, both businesses will want to ensure each other’s confidential information remains protected. It is important to define what business information must remain confidential and to strictly prohibit the disclosure of that information to outside parties.
What’s included in the Legal Wise Enterprise Mutual Confidentiality Agreement?
Legal Wise Enterprise downloadable templates come in an easy-to-use Word format. There are prompts for you to fill in and customize for your business.
Our Mutual Confidentiality and Agreement allows you to spell out important terms, including:
- A thorough definition of “confidential information”
- Protection of each company’s trade secrets and other confidential data and documents
- A restriction against disclosing confidential information to outside parties
- Specific rights and remedies in the event the receiving party unlawfully shares the disclosing company’s confidential information
- The right for the company that discloses confidential information to recover costs as a result of the unlawful disclosure
- Standard contract provisions such as assignment, governing law, waiver, and permitting electronic signatures
We also provide a set of instructions and helpful tips to make sure you get the most out of your template purchase!
Please note the following:
Legal Wise Enterprise documents are only for use in the United States.
The document is for general use only and is not intended as, and shall not be understood or construed as, legal, tax, or any other professional advice. Your purchase and/or use of this document does not form an attorney-client relationship. If you have legal questions or need advice, please consult the advice of an attorney licensed in your state of residence. While the document has been prepared with due care, we do not warrant or represent that the document is free from errors or omissions. Legal Wise Enterprise does not guarantee any particular result from the use of this document.
Legal Wise Enterprise retains all copyrights and intellectual property rights in and to this document. The purchase of this document provides you with a limited, personal, non-exclusive, non-transferable, non-commercial license to use the document for your own personal or business use.
