Mutual NonDisclosure Agreements

set forth the obligations each party undertakes when receiving confidential information and the protections each party is provided when disclosing confidential information.

The protections and obligations for a Mutual Non-Disclosure Agreement typically lasts 3 or 5 years.

Other common clauses include the definition or description of what constitutes Confidential Information and the exceptions by which a party would not need to keep information confidential.  Such exceptions typically include provisions where the information is made public by a third party or required to be disclosed by a court order.

Other provisions with a Mutual Non Disclosure Agreement Simple Form include the venue or choice of law provision and limitation of liability.