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.

Intellectual Property

Legal rights that result from intellectual creativity, such as inventions, literary works, designs, and symbols, recognized to belong to an individual or corporation.

Trade Secrets

Information, including formulas, practices, processes, designs, instruments, patterns, or compilations of information, that is not generally known or readily accessible to others, providing a business advantage.

Bilateral

Involving or affecting two sides equally; binding on both parties.