Mutual Non-Disclosure Agreement

MUTUAL NON-DISCLOSURE AGREEMENT

This Agreement is made on [Date] between [Party A Name], having its address at [Address], and [Party B Name], having its address at [Address] (each a "Party" and collectively the "Parties").

1. Purpose. The Parties wish to exchange Confidential Information in connection with [Purpose of Disclosure] and desire to protect such information.
2. Effective Date. This Agreement is effective from [Effective Date].
3. Confidential Information. Confidential Information means all non-public technical, commercial and financial information disclosed by either Party, whether oral, written or electronic.
4. Obligations. Each receiving Party shall keep the Confidential Information secret, use it solely for the Purpose, and disclose it only to employees on a need-to-know basis under equivalent obligations.
5. Exclusions. The obligations shall not apply to information that is public, already known, independently developed, or required to be disclosed by law.
6. Term. The confidentiality obligations shall survive for [Number] years from the date of disclosure.
7. Return of Information. On request or termination, each Party shall return or destroy the other Party's Confidential Information.
8. No Licence. Nothing herein grants any licence or ownership right in the disclosing Party's information.
9. Remedies. The Parties agree that breach may cause irreparable harm entitling the aggrieved Party to injunctive relief.
10. Governing Law & Jurisdiction. This Agreement is governed by Indian law and subject to the exclusive jurisdiction of the courts at [City].
11. Dispute Resolution. Disputes shall be referred to arbitration under the Arbitration and Conciliation Act, 1996, seated at [City].

IN WITNESS WHEREOF, the Parties have executed this Agreement on the date first written above.