A Reciprocal Non Disclosure Agreement is essential when two parties need to share sensitive information while exploring business opportunities or collaborating on projects. This agreement, governed by English and Welsh law, provides mutual protection by imposing equivalent confidentiality obligations on both parties. It's commonly used during business negotiations, joint ventures, or potential partnerships where both parties need to disclose proprietary information, trade secrets, or sensitive business data. The agreement defines what constitutes confidential information, permitted uses, and obligations for protecting shared information.
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1. Parties: Identification and details of the parties entering into the agreement
2. Background: Context of the agreement and purpose for sharing confidential information
3. Definitions: Key terms used throughout the agreement, including definition of confidential information
4. Obligations of Confidentiality: Core confidentiality obligations of both parties
5. Permitted Use: Allowed uses of the confidential information
6. Duration: Term of the confidentiality obligations
7. Return of Information: Obligations regarding return or destruction of confidential information
8. Governing Law and Jurisdiction: Specification of applicable law and courts
1. Data Protection: Required when confidential information includes personal data
2. Intellectual Property Rights: Protection of IP rights in confidential information
3. Non-Solicitation: Prevents poaching of employees/clients
4. Specific Security Measures: Details of required security protocols for highly sensitive information
1. Description of Confidential Information: Detailed list or categories of confidential information covered
2. Authorized Representatives: List of individuals authorized to receive confidential information
3. Security Protocols: Detailed security requirements and procedures
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