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This Mutual NDA is designed for situations where two parties need to share sensitive information while maintaining confidentiality during business discussions, negotiations, or collaborative projects. The agreement is particularly suited for Hong Kong's business environment and is drafted in compliance with Hong Kong law, incorporating local legal requirements and business practices. It provides comprehensive protection for both parties, defining confidential information broadly to include trade secrets, business plans, technical data, and other proprietary information. The Mutual NDA is commonly used in various contexts, from preliminary business discussions to detailed due diligence exercises, and includes specific provisions for enforcement under Hong Kong jurisdiction. The document is essential for protecting intellectual property and sensitive business information while enabling necessary business communications and evaluations.

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

2. Background: Context of the agreement, including the purpose of sharing confidential information and the nature of the proposed business relationship

3. Definitions: Key terms used in the agreement, particularly 'Confidential Information', 'Representatives', 'Permitted Purpose', and other relevant defined terms

4. Confidentiality Obligations: Core obligations regarding the protection and non-disclosure of confidential information

5. Permitted Use and Disclosure: Specified circumstances under which confidential information may be used or disclosed, including to representatives and professional advisors

6. Security Measures: Required procedures and standards for protecting confidential information

7. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination or request

8. Duration and Survival: Term of the agreement and which obligations survive termination

9. Breach and Remedies: Consequences of breach and available remedies, including injunctive relief

10. General Provisions: Standard boilerplate clauses including governing law, jurisdiction, entire agreement, and variation