Mutual Non-Disclosure Agreements

A Mutual Non-Disclosure Agreement (NDA) is an agreement between two parties who share confidential information and both agree to keep that information confidential. It is often used by startups that are concerned about sharing too much information with a supplier they have not yet engaged, but it can be used whenever both parties have valuable information they want to protect.

A Mutual Non-Disclosure Agreement typically states that both recipients of confidential information must keep it confidential. It also usually says that the recipients can only use the information for the purpose for which it was given, such as engaging in commercial discussions with the discloser, and not for any other purpose.

It may also state that the recipients must ensure their employees or advisers keep the information confidential. A Mutual Non-Disclosure Agreement can also include IP clauses to make it clear that the recipient does not gain any IP interest in the discloser’s information.

We’ll draft a Mutual Non-Disclosure Agreement that is customised to your business’s needs and can be reused for future clients.

You’ll also receive phone consultations with a Sprintlaw lawyer to talk you through the document and answer your questions, as well as one complimentary amendment to the final draft we provide.

Our Mutual Non-Disclosure Agreements start at $500 + GST.

We handle everything by phone, email and video call, so you never need to visit an office. Once you request a quote, one of our legally trained consultants will get back to you within one business day with a fixed-fee proposal. If you accept, we will pair you with a specialist lawyer who will guide you through the process. All documents are delivered digitally, and you can communicate with your lawyer in the way that suits you best. It is the same quality legal advice you would get from a traditional firm, just without the commute, hourly billing surprises or the formality.