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See the step-by-step instructions on how to Approve Initial Mutual NDA online with pdfFiller:

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As soon as the file opens in the editor, hit Sign in the top toolbar.

Generate your electronic signature by typing, drawing, or uploading your handwritten signature's photo from your laptop. Then, hit Save and sign.

Click anywhere on a document to Approve Initial Mutual NDA. You can drag it around or resize it utilizing the controls in the hovering panel. To use your signature, click OK.

Complete the signing session by hitting DONE below your form or in the top right corner.

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What does mutual NDA mean?

In a unilateral NDA, one party agrees to non-disclosure of confidential information belonging to the other party. In a mutual NDA, both parties agree not to reveal the other's confidential information.

What is the purpose of a mutual NDA?

Obviously, the part of a mutual NDA that limits the other party is intended to protect confidential information. The mutual aspect—protecting both parties—also allows the parties to move ahead in pursuing a common goal, without either having to fear that confidential information will be disclosed to third parties.

What is a mutual NDA between two parties?

A mutual non-disclosure agreement, or 2-way NDA, is a document that two parties can use to agree not to disclose confidential information to any third party. If either party releases any of the information shared, they may be liable to legal and monetary damages.

What is the difference between a mutual NDA and a standard NDA?

In general, a non-disclosure agreement can be categorized as either a unilateral or mutual/bilateral NDA. In unilateral NDAs, only one party agrees not to disclose classified information. A mutual NDA means that both/all parties agree not to share any confidential information.

Does a mutual NDA need to be signed by both parties?

A mutual confidentiality agreement is also sometimes called a mutual non-disclosure agreement. It is a legal document and contract that requires both parties that sign the agreement to not disclose any information protected by the agreement.

Does a mutual NDA protect both parties?

NDAs can be either mutual or one way. A mutual NDA requires each party to protect the confidential information to the other party. A one-way NDA contemplates that only one party will be disclosing confidential information.

How long does a mutual NDA last?

For example, the term of the NDA may be one (1) year, but the obligation to keep certain information confidential may be three (3) years. This extended term or “tail period” may begin on the date the information is disclosed, or it may start upon termination or expiration of the NDA.

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