Unilateral vs Multilateral NDA Agreements
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Transcript of Unilateral vs Multilateral NDA Agreements
EveryNDA.com
EveryNDA.com
Your NDA agreement can be
“one-way” agreement to protect only what you disclose
or
“mutual” agreement to protect everyone’s confidential information
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Example of Unilateral / One-way NDA agreement
WHEREAS, CRT desires to use the test services of OTL, under the terms of which OTL may become aware of information that CRT considers confiden-tial; and
WHEREAS, CRT is willing to disclose to OTL such confidential information as may be necessary in the performance of OTL’s obligations to CRT in the performance of said test services; and
WHEREAS, CRT and OTL desire to establish terms and conditions which shall govern the exchange of such information;
NOW, THEREFORE, in consideration of the disclosure made under this AGREEMENT and the mutual covenants contained herein, the PARTIES
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Example of Multilateral / Mutual NDA agreement
WHEREAS, CRT and OTL are interested in exchanging information, the de-signs, materials and uses of which consider confidential and in which they have proprietary interests; and
WHEREAS, for purposes of evaluation and determination of their possible interests therein; and
WHEREAS, the PARTIES desire to establish terms and conditions which shall govern the exchange of such information;
NOW, THEREFORE, in consideration of the disclosures made under this AGREEMENT and the mutual covenants contained herein, the PARTIES agree as follows…
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