Non-circumvention: If the disclosing party shares business contacts, a no-escape clause prevents the receiving party from circumventing the agreement and doing business directly or getting in touch with those contacts. Here`s an example of how they launch an NDA and define the parties to the agreement. Note that the example of the NDA clause also indicates which transaction or relationship the NDA relates to: launch your NDA by defining the “parts” of the agreement. The “disclosing party” is the natural or legal person who shares information, while the “receiving party” is the natural or legal person who receives information. A mutual NDA (also known as a bilateral NDA) discloses confidential information in both directions. In this Agreement, both Parties serve as parties to disclosure and receipt.
Simple Non Disclosure Agreement Template South Africa