The Two Way NDA is essential for situations where both parties need to share sensitive information while exploring business opportunities. This agreement, governed by English and Welsh law, provides mutual protection for confidential information, including but not limited to trade secrets, proprietary technology, customer data, and business strategies. It's commonly used during business negotiations, due diligence processes, joint ventures, or potential partnerships where both parties need to disclose sensitive information while maintaining legal protection. The agreement ensures both parties have equal obligations and rights regarding the protection of confidential information.
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1. Parties: Identification and details of both parties entering into the NDA
2. Background: Context and purpose of the confidentiality agreement
3. Definitions: Key terms used throughout the agreement, including 'Confidential Information'
4. Obligations of Confidentiality: Core confidentiality obligations of both parties
5. Permitted Disclosures: Circumstances under which confidential information may be disclosed
6. Term and Termination: Duration of the agreement and termination provisions
7. Return of Confidential Information: Obligations regarding return or destruction of confidential materials
8. Governing Law and Jurisdiction: Specification of English and Welsh law as governing law
1. Specific Project Details: Details of specific project or purpose, used when NDA relates to particular project
2. Data Protection Provisions: Specific provisions relating to personal data handling when confidential information includes personal data
3. Non-Solicitation: Prevents parties from soliciting each other's employees during the confidentiality period
4. Non-Competition: Restricts competitive activities between the parties during the confidentiality period
1. Description of Confidential Information: Detailed list or categories of information covered by the NDA
2. Authorized Representatives: List of individuals authorized to receive confidential information
3. Security Measures: Specific security protocols for handling confidential information
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
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