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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.Contact us to learn more
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
Download Mutual NDA
If you need to sign an NDA before scheduling a consultation with Orases, download and fill out our mutual NDA. Attach the completed mutual non-disclosure agreement to our schedule consultation form.Download Now
The 3 Main Elements Of A Mutual NDA
No matter how simple or complex the mutual NDA is, there are 3 main elements of every mutual NDA.
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.