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This Mutual Confidentiality Agreement outlines the terms for protecting proprietary information shared between The City of Calgary and a corporation for a project.
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What is mutual confidentiality agreement?
A mutual confidentiality agreement, also known as a non-disclosure agreement (NDA), is a legal contract between two or more parties that outlines the terms under which confidential information can be shared and protects the secrets or proprietary information of all parties involved.
Who is required to file mutual confidentiality agreement?
Typically, all parties that are involved in sharing sensitive information are required to sign the mutual confidentiality agreement before disclosing any confidential information to one another.
How to fill out mutual confidentiality agreement?
To fill out a mutual confidentiality agreement, parties need to provide their full legal names, addresses, the purpose of the agreement, a clear definition of what constitutes confidential information, the terms of use, the duration of the confidentiality obligation, and any exclusions from confidentiality.
What is the purpose of mutual confidentiality agreement?
The purpose of a mutual confidentiality agreement is to protect sensitive information exchanged between parties, ensuring that such information is not disclosed to unauthorized individuals or entities and is used solely for agreed-upon purposes.
What information must be reported on mutual confidentiality agreement?
The agreement must report basic information such as the identity of the parties, a clear definition of confidential information, obligations of the parties, duration of confidentiality, exclusions, and how disputes will be resolved.
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