The Mutual Non-Disclosure Agreement Template (Basic) is designed to protect confidential information exchanged between you or your company and another party. This confidential information includes, among other things, customer data, inventions and trade secrets. If only you or your company will be disclosing confidential information, instead of both parties disclosing their confidential information to each other, our Unilateral Non-Disclosure Agreement Template (Basic or Formal) is more appropriate.
Please note that “Basic” and “Formal” don’t have a legal meaning. Rather, they signify how comprehensive each Template Agreement is. Although the “Basic” template agreement is shorter than the “Formal” template agreement, both still cover the essential terms you need. The “Formal” template agreement covers everything in the “Basic” template agreement but also includes additional “legal” terms to address more complex transactions.