Free Non Disclosure Agreement Word

There is a fine line separating what can be considered too definitive or too broad if one defines what is to be kept secret in the agreement. The party sharing the information (the so-called “disclosing party”) often tends to adjust the terms as much as possible to prevent the other party from finding another method to distort the disclosure of the information. In contrast, the party that learns information (the “receiving party”) favors information that is accurate and defined to ensure that it understands what can and cannot be shared. A mutual NDA (also known as a bilateral NDA) discloses confidential information in both directions. In this Agreement, both Parties serve as parties to disclosure and receipt.