This Mutual Non-Disclosure Agreement can be used between multiple parties (referred to as "Party 1" and "Party 2") to disclose confidential information in connection with a business opportunity of mutual interest. The key points include:
- Confidential Information: Ensures all shared information is protected as confidential.
- Obligations: Parties agree to evaluate potential business opportunities and limits the disclosure of confidential information to third parties.
- Exclusions: Specifies what does not constitute confidential information, such as publicly known information.
- Term: Agreement remains effective for five years from the date of execution.
- Destruction or Return of Information: Upon termination, parties destroy or return all materials containing confidential information.
- No License: Confirms no rights or licenses are granted.
- Governance: Governed by English law and subject to exclusive jurisdiction of England and Wales courts.