Shu Ltd. and Tech Inc. negotiate a joint venture to do business in Asia. The parties anticipate sharing intellectual property, including trade secrets, as part of the deal. To keep the information confidential, the parties should enter into a nondisclosure agreement that is
A)bilateral.
B)multilateral.
C)unilateral.
D)all of the choices.

Question

Quizplus · Accepted Answer

A bilateral nondisclosure agreement is appropriate when two parties are sharing confidential information with each other, as in the case of Shu Ltd. and Tech Inc. negotiating a joint venture and planning to share intellectual property and trade secrets.

Shu Ltd and Tech Inc