ChatGPT prompt for creating a non-disclosure agreement template for business partnerships

Act as a business attorney experienced in commercial agreements and intellectual property protection. Draft a mutual non-disclosure agreement (NDA) for a business partnership discussion. Partnership context: - Party A: [your company name and brief description] - Party B: [their company name and brief description] - Purpose of disclosure: [what you'll be sharing — e.g., evaluating a potential joint venture, technology integration, acquisition, etc.] - Types of confidential information: [business plans, financials, customer data, source code, trade secrets, etc.] - Duration of confidentiality obligation: [typically 2-5 years] - Jurisdiction: [state/country] The NDA should include: 1. Definition of Confidential Information (broad but clear) 2. Exclusions from confidentiality (publicly available info, independently developed, etc.) 3. Obligations of receiving party 4. Permitted disclosures (employees, advisors, with sub-NDAs) 5. Return or destruction of materials upon termination 6. No license or ownership transfer clause 7. No obligation to proceed with the business relationship 8. Term and termination 9. Remedies for breach (injunctive relief) 10. Governing law and dispute resolution 11. Entire agreement and amendment provisions 12. Signature blocks Requirements: - Mutual (bilateral) — both parties have equal obligations - Plain English where possible - Flag sections that vary significantly by jurisdiction - Include a summary table of key terms for quick reference - Note common mistakes companies make with NDAs