This Simple Mutual NDA is designed for situations where two parties need to share confidential information with each other in the context of business discussions, negotiations, or potential collaborations. The document, governed by Hong Kong law, provides reciprocal protection for both parties' confidential information, making it particularly suitable for initial business discussions, due diligence processes, or potential partnerships. It incorporates key provisions required under Hong Kong law while maintaining simplicity and ease of use. The agreement typically covers definition of confidential information, scope of permitted use, duration of confidentiality obligations, and standard protective provisions. This type of NDA is commonly used as a first step in business relationships where parties need to protect their sensitive information before engaging in more detailed discussions.
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1. Parties: Identifies and defines the parties entering into the NDA, including their registered addresses and company numbers if applicable
2. Background: Brief context explaining why the parties are entering into the NDA and the purpose of sharing confidential information
3. Definitions: Defines key terms including 'Confidential Information', 'Permitted Purpose', 'Representatives', and other relevant terms
4. Confidentiality Obligations: Core obligations regarding the protection and non-disclosure of confidential information
5. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees, advisors, or as required by law
6. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination or request
7. Term and Survival: Duration of the agreement and which obligations survive termination
8. General Provisions: Standard clauses including governing law, jurisdiction, entire agreement, and severability
1. Data Protection: Additional provisions specifically addressing personal data handling, recommended when confidential information includes personal data
2. Intellectual Property Rights: Clarification of IP ownership and rights, useful when confidential information includes IP-sensitive material
3. Non-Solicitation: Prevents parties from soliciting each other's employees/clients, relevant for business relationships
4. Remedies and Injunctive Relief: Specific provisions for enforcement and remedies, recommended for high-value or sensitive information
5. Security Measures: Specific requirements for protecting confidential information, useful for digital or highly sensitive information
1. Schedule 1 - Permitted Purpose: Detailed description of the specific purpose for which confidential information may be used
2. Schedule 2 - Categories of Confidential Information: List of specific types or categories of confidential information covered by the agreement
3. Schedule 3 - Security Requirements: Optional schedule detailing specific security measures required for protecting confidential information
Authors
Relevant legal definitions
Clauses
Relevant Industries
Technology
Financial Services
Professional Services
Manufacturing
Healthcare
Real Estate
Retail
E-commerce
Telecommunications
Media and Entertainment
Biotechnology
Education
Consulting
Research and Development
Industrial
Energy
Relevant Teams
Legal
Business Development
Corporate Development
Executive Leadership
Research and Development
Operations
Finance
Information Technology
Human Resources
Strategy
Project Management
Procurement
Investment
Innovation
Relevant Roles
Chief Executive Officer
Managing Director
Business Development Manager
Legal Counsel
Contract Manager
Chief Financial Officer
Project Manager
Research Director
Head of Innovation
Chief Technology Officer
Business Analyst
Corporate Development Manager
Operations Manager
Investment Manager
Partnership Manager
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