Unilateral vs Multilateral NDA Agreements

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Transcript of Unilateral vs Multilateral NDA Agreements

Page 1: Unilateral vs Multilateral NDA Agreements

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Page 2: Unilateral vs Multilateral NDA Agreements

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Your NDA agreement can be

“one-way” agreement to protect only what you disclose

or

“mutual” agreement to protect everyone’s confidential information

Page 3: Unilateral vs Multilateral NDA Agreements

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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

Page 4: Unilateral vs Multilateral NDA Agreements

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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…

Page 5: Unilateral vs Multilateral NDA Agreements

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