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Mutual NDA — Acme Corp
NegotiatingClauses
1. DEFINITION OF CONFIDENTIAL INFORMATION
Standard (default)
Narrow
pending
Note: We prefer a narrower definition to avoid capturing routine business communications.
2. OBLIGATIONS OF RECEIVING PARTY
Standard (default)
Enhanced
accepted
Note: Enhanced obligations are acceptable given the nature of the information.
3. EXCLUSIONS
Standard (default)
accepted
4. TERM AND DURATION
Standard (3 years) (default)
Extended (5 years)
Perpetual
pending
Note: We would prefer a 5-year term given the sensitivity of the data involved.
5. REMEDIES
Standard (default)
accepted
6. GOVERNING LAW
Standard (default)
England & Wales
negotiating
Note: We are an English company and would prefer English law to apply.
Approval
You (owner)
Pending
Counterparty
Pending