NDA Multiple Parties for the United States

NDA Multiple Parties Template for United States

A Multi-Party Non-Disclosure Agreement (NDA) is a legally binding contract under U.S. law that establishes confidentiality obligations between three or more parties. It protects proprietary and confidential information shared among multiple stakeholders during business discussions, joint ventures, or collaborative projects. The agreement defines the scope of confidential information, permitted uses, sharing restrictions, and obligations of all parties involved, with specific provisions for mutual disclosure and protection of sensitive information.

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What is a NDA Multiple Parties?

The Multi-Party NDA is essential when multiple organizations need to share sensitive information in the United States. This type of agreement is particularly relevant for complex business transactions, joint ventures, or collaborative projects where confidential information flows between multiple parties. The document addresses the unique challenges of multi-directional information sharing, including cascade obligations, mutual confidentiality commitments, and specific provisions for handling sensitive data across multiple organizations. This Multi-Party Non-Disclosure Agreement is designed to provide comprehensive protection while maintaining clarity of obligations for all participating parties.

What sections should be included in a NDA Multiple Parties?

1. Parties: Identification of all participating parties, including legal names and addresses

2. Background: Context and purpose of the NDA, explaining why confidential information needs to be shared

3. Definitions: Key terms including 'Confidential Information', 'Permitted Purpose', 'Representatives'

4. Confidentiality Obligations: Core obligations regarding protection and non-disclosure of confidential information

5. Permitted Disclosures: Circumstances under which confidential information may be shared

6. Term and Termination: Duration of the agreement and termination provisions

7. Return of Information: Obligations regarding return or destruction of confidential information

What sections are optional to include in a NDA Multiple Parties?

1. Non-Solicitation: Prevents parties from soliciting each other's employees or clients. Include when parties have valuable employee/client relationships to protect

2. Non-Competition: Restricts competitive activities between parties. Include when parties are potential competitors

3. Data Protection: Specific provisions for handling personal data. Include when confidential information includes personal data

What schedules should be included in a NDA Multiple Parties?

1. Description of Confidential Information: Detailed list or categories of information covered by the NDA

2. Authorized Representatives: List of individuals authorized to receive confidential information

3. Security Protocols: Specific procedures for handling and protecting confidential information

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

United States

Publisher

Genie AI

Cost

Free to use
Clauses
Industries

Federal Trade Secrets Laws: Includes the Defend Trade Secrets Act (DTSA) of 2016 and Economic Espionage Act of 1996, which provide federal protection for trade secrets and remedies for misappropriation

State Trade Secret Laws: Uniform Trade Secrets Act (UTSA) as adopted by individual states with variations, plus state-specific trade secret protection statutes

Contract Law: State-specific contract laws governing formation, enforcement, consideration, duration, termination, and remedies for breach

Employment Law: State-specific employment laws, including restrictions on employee mobility and workplace privacy laws that may affect NDAs involving employees

Intellectual Property Laws: Federal laws including Copyright Act and Patent Act, which may intersect with confidential information protection

Industry-Specific Regulations: Sector-specific regulations such as HIPAA (healthcare), GLBA (financial), and GDPR compliance considerations for EU data

Antitrust Laws: Sherman Act, Clayton Act, and Federal Trade Commission Act considerations to ensure NDA doesn't create anti-competitive effects

Statute of Limitations: State-specific time limits that govern how long parties have to bring legal action for NDA violations

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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