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Mutual Non-Disclosure Agreement (NDA)

Non-Disclosure Agreement

Vantage Dynamics BV — Disclosing/receiving party (drafter) · You (the undersigned) — Recipient

In sintesi

On the label this is a 'mutual' NDA — both sides promise to keep each other's secrets while exploring a deal. In practice, three clauses tilt it toward Vantage. The residuals clause (Section 3) is the big one: anything their people 'remember' from your confidential information, they can use freely, forever — a memory-sized loophole in the whole agreement, and it only runs in THEIR favor. The definition of confidential information is extremely broad (anything said, written, or even observed, marked or not), which sounds protective but mostly creates risk for whoever handles more of the other side's information. And the obligations are asymmetric in small ways that add up: you must certify destruction of their data in 10 days; they only owe 'commercially reasonable efforts'. A five-year confidentiality tail plus injunctive relief without bond is aggressive but survivable. Overall: a usable NDA after you strike or mutualize the residuals clause — do not sign it as-is if your know-how is the valuable part of the conversation.

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