This is a mutual agreement entered into by two businesses to safeguard each other’s
proprietary information pertaining to their businesses.This agreement is needed in case
one is sharing his intellectual property such as your trade secrets, inventions, designs
etc. with an outside business to make sure that there is no breach of trust.
This agreement can be made legally enforceable by getting it printed on a non-judicial
stamp paper duly signed by both the concerned parties in the agreement. This agreement
can be used by a business’s who wants to define the terms and conditions between them
and any other company or enterprise for exchanging and using confidential information