This Mutual Confidentiality (Non-Disclosure) Letter shall be used where two parties are about to provide each other with sensitive information which they both wish to keep confidential.
The Mutual Confidentiality (Non-Disclosure) Letter shall be used where two parties intend to work together on a project which requires both parties to disclose confidential information to the other party in order to carry out the proposed project.
This Mutual Confidentiality (Non-Disclosure) Letter is suitable for anyone wanting to protect their business information and ideas in situations where disclosure is necessary. It can be used in most situations where either or both parties are individuals or an organisation. The Letter broadly defines what kind of information amounts to Confidential Information and also provides for the return of any Confidential Information to the disclosing party. If either party breaches the obligation of confidentiality, the other party can rely on this letter as evidence of confidentiality.
The Letter allows the parties to determine the duration of the obligation of confidentiality. Please note that the duration should be reasonable, an excessive duration may be considered by a court unreasonable and therefore it will be ineffective.
The Mutual Confidentiality (Non-Disclosure) Letter is a shorter version of the Confidentiality Agreement (Non-Disclosure Agreement) - Mutual. Generally they are the same, they are both legally binding and provide the same level of protection, the only difference is in terms of presentation since the Letter is a little less formal than the agreement.
This Mutual Confidentiality (Non-Disclosure) Letter is not suitable where only one party is disclosing information to the other. If only one party is disclosing confidential information to the other then please use the One-Way Confidentiality (Non-Disclosure) Letter.
The Mutual Confidentiality (Non-Disclosure) Letter should be printed and signed by both parties in duplicate, so that both parties have a signed copy to refer to and keep for their records.
This Mutual Confidentiality (Non-Disclosure) Letter is in Microsoft Word format, written in plain English easy to use and edit.