Mutual NDA

Disclose confidential information
with a peace of mind

Confidential information should stay just like that, confidential. That is why before we begin the custom software development process, both parties sign a mutual NDA, outlining all of the information that is to be kept confidential.

What Is The Importance Of Signing A Mutual NDA?

Due to the sensitive nature of custom software development, signing a mutual non-disclosure agreement has become quite common.

Trade Secret Protection For Both Parties

When it comes to custom software, the protection of intellectual property such as processes, designs and development practices is crucial to the overall success of all parties involved. By signing a mutual NDA, all trade secrets outlined are legally protected from being wrongfully disclosed or misappropriated.

All Details Of The Product Are Kept In Secret

Leaking the idea for a product that could disrupt the industry could potentially cost either party thousands if word got out to the competition who could release a similar product before the launch of your product. Our mutual non-disclosure agreements ensure that all details of the product are kept in secret until release or an agreed upon date identified within the mutual NDA.

Secure All Confidential Information

Without signing a mutual NDA, either party may not know what information is considered confidential, potentially leading to an accidental leak of information that may not have been identified as confidential. By signing a mutual NDA with Orases, you can rest easy knowing that all of your confidential information is secure.

When To Sign An NDA
When Not To Sign An NDA

To Protect Confidential Information

Projects You Want To Remain Private

When Working With Independent Contractors

When Using Information That Is Public

When Your Project Is Only At The "Idea" Stage

When Looking For Independent Contractors

All Parties Identify What Information Is Considered Confidential

The first element of a mutual NDA clarifies what information should be considered as confidential and includes what information is exempt from being considered as confidential.

Establishing The Duration Of The Terms Of The Mutual Non-Disclosure Agreement

The second element of all mutual NDA’s include a specified timeline of the terms agreed upon within the NDA. This includes the timeframe in which the mutual NDA is valid and requirements of when confidential information is to be returned or destroyed upon the termination of the mutual NDA.

Specification Of How Confidential Information May Or May Not Be Used

In order to avoid an unauthorized disclosure of confidential information, mutual NDA’s specify how confidential information may or may not be used as well as an outline describing reasonable measures all parties must adhere to in order to avoid unauthorized disclosure.