Confidentiality Agreement Reciprocal, more than 3 people
This Confidentiality Agreement, otherwise known as a Non-Disclosure Agreement or NDA, assists to protect the confidentiality of sensitive information that may be disclosed between three or more parties. This template Confidentiality Agreement provides for a reciprocal duty of confidentiality between all the signatories.
(3 or more Parties – Reciprocal Protection)
Summary This Confidentiality Agreement, otherwise known as a Non-Disclosure Agreement or NDA, assists to protect the confidentiality of sensitive information that may be disclosed between three or more parties. This template Confidentiality Agreement provides for a reciprocal duty of confidentiality between all the parties.
Who should use this Reciprocal Confidentiality Agreement? This template non-disclosure agreement may used if three or more parties need to disclose confidential information to each other, and also want to protect the information and prevent their own sensitive information from being distributed or used by other people.
This is a reciprocal NDA in that information disclosed by all the parties is considered to be confidential and protected under the agreement. If only one person’s sensitive information is protected, then view our one-way Confidentiality Agreement.
What does the Confidentiality Agreement say? This template reciprocal NDA:
- Generally defines what “Confidential Information” is protected
- Prohibits the Receiving Parties from disclosing the information to others, or using it for their own benefit
- Provides the Disclosing Party with the right to claim damages if a Receiving Party breaches confidentiality
- Includes a non-circumvention clause
What does the Confidentiality Agreement look like? The agreement can be printed onto four A4 pages.
What do you need to do to use the Confidentiality Agreement?
- Read the NDA template to ensure that it suits your requirements. Make changes as required.
- Complete all details relating to the Parties.
- Get the NDA signed by all the Parties.
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