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Mutual Non-Disclosure Agreement (MNDA)

A Mutual Non-Disclosure Agreement (MNDA) is a legally binding agreement between two or more parties that establishes confidentiality obligations on each party to protect proprietary or confidential information that is disclosed to the other parties during business discussions or negotiations. It is also known as a mutual confidentiality agreement or a bilateral non-disclosure agreement.

The purpose of an MNDA is to protect the confidential information of all parties involved and to prevent any unauthorized use, disclosure, or reproduction of the information. The agreement outlines the specific information that is to be kept confidential, the duration of the obligation, and any exceptions or exclusions to the confidentiality obligation. It also specifies the remedies or damages that may be available in the event of a breach of the agreement.

MNDA’s are commonly used in business negotiations, joint ventures, partnerships, and other collaborations where confidential information is exchanged between parties. By signing an MNDA, parties can freely exchange information and engage in productive discussions without the fear of the information being misused or disclosed to unauthorized parties.