A Mutual Confidentiality Agreement is a contract that binds all parties not to disclose or divulge confidential information. The parties signing the agreement agree that any sensitive information obtained under a confidentiality agreement shall not be made available to any third party. This Agreement governs the parties sharing of sensitive information without fear that will end up in the hands of the competitors.
A Mutual Confidentiality Agreement is used to protect proprietary information or trade secrets or confidential information of a disclosing party.
This agreement imposes obligations and restrictions to a recipient of any confidential information (however recorded, preserved, or disclosed) whether oral, written, electronic or otherwise, in order to ensure that confidentiality is maintained by the recipient.
This Agreement contains the following sections:
1. Definitions and interpretation
2. Obligations of Confidentiality
3. Return of Information
4. Reservation of Rights and Acknowledgement
5. Warranty and Indemnity
6. Term and Termination
7. Entire Agreement and Variation
8. No Waiver
11. No Partnership
12. Third Party Rights
13. Execution and Counterparts
14. Governing Law and Jurisdiction
This document is intended for use in the United Arab Emirates.
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.