In a Bilateral or Two-Sided NDA, two parties are involved and only one of them must disclose confidential information to each other with an intention to protect and secure the information from external parties.

True or False

Question

In a Bilateral or Two-Sided NDA, two parties are involved and only one of them must disclose confidential  information to each other with an intention to protect and secure the information from external parties.

True or False

BlackTom AI · Accepted Answer

The statement describes a Bilateral or Two-Sided NDA as involving two parties where only one must disclose confidential information to the other with the aim of protecting it from external parties. 
However, in a bilateral (mutual) NDA, both parties typically disclose information to each other and both are bound to protect the other party's confidential information. This means the obligation to protect and the right to receive confidential information can flow in both directions, not just from one party to the other. 
If the intention were that only one party discloses information, that would be more characteristic of a unilateral (one-way) NDA, where one party shares confidential information and the other party agrees to keep it confidential without itself providing information to the discloser. 
Therefore, the provided statement is inaccurate because it incorrectly describes the core nature of a bilateral/mutual NDA. 
Additional nuances: in a bilateral NDA, disclosures can be mutual or symmetrical, and the agreement typically defines the scope, purpose, permitted use, exclusions, and duration of confidentiality for information exchanged between both parties. Misunderstanding who discloses information can lead to improper risk assumptions about obligations and protections. 
In summary, the key distinction is that bilateral NDAs are designed to cover information exchanged in both directions, not solely a one-way disclosure scenario.

EESC6500.39501.202530 Non-Disclosure Agreement Quiz

In a Bilateral or Two-Sided NDA, two parties are involved and only one of them must disclose confidential information to each other with an intention to protect and secure the information from external parties. True or False

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