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This Mutual Non Disclosure Agreement Form is essential for businesses and individuals operating under Canadian jurisdiction who need to protect confidential information during business discussions, due diligence processes, or potential partnerships. The agreement ensures that both parties are equally bound to maintain confidentiality of shared information, covering aspects such as trade secrets, proprietary technology, customer data, financial information, and business strategies. It is particularly relevant in today's digital business environment where information sharing is crucial for business development while requiring careful protection under Canadian privacy laws and regulations. The document includes specific provisions for compliance with federal and provincial requirements, making it suitable for both domestic Canadian operations and international business relationships where Canadian law governs the agreement.

1. Parties: Identification of all parties entering into the agreement, including full legal names and addresses

2. Background: Context of the agreement and purpose for sharing confidential information

3. Definitions: Definitions of key terms, especially 'Confidential Information', 'Representatives', 'Permitted Purpose'

4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement

5. Obligations of Confidentiality: Core confidentiality obligations, including use restrictions and standard of care

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to representatives and by legal requirement

7. Term and Termination: Duration of the agreement and confidentiality obligations, termination provisions

8. Return or Destruction of Confidential Information: Requirements for handling confidential information upon termination or request

9. Non-Competition and Non-Solicitation: Basic restrictions on using information for competitive purposes

10. Remedies: Available remedies in case of breach, including injunctive relief

11. General Provisions: Standard boilerplate clauses including governing law, entire agreement, amendments, etc.