Confidentiality Agreement – Mutual Long Form

Confidentiality Agreement – Mutual Long Form

This Mutual Confidentiality Agreement (Long Form) ensures both parties’ sensitive information is legally protected when exchanging confidential data. It balances rights and obligations for each party.

What This Agreement Covers

This agreement defines Confidential Information broadly, including technical, financial, commercial, or strategic data. It applies equally to both parties, covering information disclosed in negotiations, analyses, or documents designated as confidential.

Key Confidentiality Obligations

Each party must:

• Use the information solely for the permitted purpose.

• Limit disclosures to necessary personnel and bind them to confidentiality.

• Prevent copying, misuse, or unauthorized access.

• Notify the other party if mandated by law to disclose, and limit such disclosure to what’s strictly required.

Intellectual Property & Rights

Under this agreement, no ownership or license rights in intellectual property are granted. Each party retains full rights to its own IP, and use by the other party requires explicit written consent.

Notices & Legal Protections

Provisions include how notices are delivered, restrictions on assignment, rules for severability, and which law governs the agreement and dispute jurisdiction.

Other Legal Provisions

Additional clauses cover:

• The agreement’s entire scope and limitations on waivers.

• Obligations to provide further assurances.

• Rights to equitable relief (such as injunctions).

• Each party bearing their own costs in negotiation and execution.