Reciprocal Confidentiality Agreement

A Reciprocal Confidentiality Agreement is a legally binding agreement where both parties disclose and receive confidential information. In these cases, both parties’ interests are legally protected when disclosing confidential information to the other party. This agreement is drafted specifically for those cases where the both parties wish to protect their interests when disclosing confidential information.

A Reciprocal Confidentiality Agreement is a legally binding agreement where both parties disclose and receive confidential information. In these cases, both parties’ interests are legally protected when disclosing confidential information to the other party. This agreement is drafted specifically for those cases where the both parties wish to protect their interests when disclosing confidential information. It is a comprehensive agreement which serves to regulate the relationship between the parties. It contains the essential clauses necessary to ensure that both parties’ interests are protected.

This agreement is used in cases where the parties wish to share confidential information, but want to ensure that third parties and/or the public do not become privy to this information.  The agreement regulates the disclosure and/or non-disclosure of this confidential information. It is also called a non-disclosure agreement, due to the restrictions on disclosure that are placed on the parties.

There are various types of confidentiality agreements and this agreement is drafted specifically for those cases where both parties disclose confidential information and both parties receive confidential information.

This agreement contains the following clauses:

1. Definitions
2. Interpretation
3. Background
4. Reciprocal Confidentiality Undertaking
5. Duration
6. Benefits
7. Breach
8. Notices
9. Severability
10. Governing Law and Jurisdiction
11. Counterparts
12. Signatories