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This Simple Mutual NDA template is designed for use under New Zealand law when two parties need to share confidential information while exploring potential business opportunities or engaging in preliminary discussions. The document provides reciprocal protection for both parties' confidential information, incorporating requirements from key New Zealand legislation including the Contract and Commercial Law Act 2017 and Privacy Act 2020. It's particularly useful for initial business discussions, due diligence processes, potential partnerships, or collaborative projects where both parties need to share sensitive information. The Simple Mutual NDA includes provisions for defining confidential information, permitted uses, security requirements, and return or destruction of information, while remaining straightforward enough for routine business use.

1. Parties: Identification of all parties entering into the NDA, including registered addresses and company details

2. Background: Brief context explaining why the parties are entering into the NDA and the purpose of sharing confidential information

3. Definitions: Definitions of key terms, especially 'Confidential Information', 'Representatives', 'Permitted Purpose'

4. Confidentiality Obligations: Core obligations regarding maintaining confidentiality, including standard of care and specific prohibitions

5. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to representatives and as required by law

6. Security Measures: Required measures to protect confidential information from unauthorized access or disclosure

7. Return or Destruction: Obligations regarding the return or destruction of confidential information upon request or termination

8. Term and Survival: Duration of the agreement and which obligations survive termination

9. General Provisions: Standard contractual terms including governing law, jurisdiction, entire agreement, and variation