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In this video tutorial, Jason, Mark, and Ermine discuss mutual non-disclosure agreements (NDAs) and their key components. They emphasize the importance of defining the business purpose of the agreement, such as discussing a potential consulting project, which necessitates sharing confidential information. The speakers highlight the need for parties to clearly identify what information will be considered confidential and what will not. They advise that specific guidelines should be established on how information is marked as confidential, allowing both parties to understand their obligations regarding confidentiality.