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Reciprocal Non Disclosure Agreement for Nigeria

Reciprocal Non Disclosure Agreement Template for Nigeria

This Reciprocal Non-Disclosure Agreement is a bilateral confidentiality agreement governed by Nigerian law, designed to protect confidential information exchanged between two parties during business discussions or negotiations. The agreement ensures mutual protection of proprietary information, trade secrets, and other confidential materials, incorporating specific provisions required under Nigerian legislation, including the Nigerian Data Protection Regulation 2019 and relevant common law principles. It provides comprehensive protection mechanisms, enforcement provisions, and clearly defined obligations for both parties regarding the handling and protection of confidential information.

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What is a Reciprocal Non Disclosure Agreement?

The Reciprocal Non-Disclosure Agreement is essential for businesses in Nigeria engaging in preliminary discussions, negotiations, or collaborative ventures where confidential information needs to be shared between parties. This document is particularly relevant when both parties anticipate exchanging sensitive business information, technical data, or proprietary knowledge. The agreement ensures compliance with Nigerian legal requirements, including data protection regulations and common law principles protecting confidential information. It is commonly used before entering into more detailed commercial arrangements, during due diligence processes, or when exploring potential business partnerships. The document includes specific provisions for protecting trade secrets, intellectual property, and commercially sensitive information, with clear mechanisms for enforcement under Nigerian jurisdiction.

What sections should be included in a Reciprocal Non Disclosure Agreement?

1. Parties: Identification of all parties entering into the agreement, including registered addresses and company details

2. Background: Context of the agreement and purpose for sharing confidential information

3. Definitions: Definition of key terms, especially 'Confidential Information', 'Representatives', 'Permitted Purpose'

4. Obligations of Confidentiality: Core obligations regarding protection and non-disclosure of confidential information

5. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to representatives and professional advisors

6. Protection of Confidential Information: Specific measures required to protect confidential information

7. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination or request

8. Duration and Survival: Term of the agreement and provisions that survive termination

9. Breach and Remedies: Consequences of breach and available remedies including injunctive relief

10. General Provisions: Standard boilerplate clauses including notices, amendments, severability, and governing law

11. Execution: Signature blocks and execution formalities

What sections are optional to include in a Reciprocal Non Disclosure Agreement?

1. Data Protection Compliance: Specific provisions for compliance with Nigerian Data Protection Regulation - include when personal data may be shared

2. Intellectual Property Rights: Specific provisions regarding IP ownership and protection - include when information sharing may involve IP

3. Non-Solicitation: Restrictions on soliciting employees or customers - include when parties have access to personnel or customer information

4. Export Control: Provisions regarding international transfer of information - include for cross-border arrangements

5. Competition Law Compliance: Provisions ensuring compliance with competition laws - include when parties are competitors

6. Third Party Rights: Provisions regarding rights of third parties - include when third party information may be shared

What schedules should be included in a Reciprocal Non Disclosure Agreement?

1. Schedule 1 - Description of Permitted Purpose: Detailed description of the purpose for which confidential information may be used

2. Schedule 2 - Categories of Confidential Information: Specific listing of types of confidential information covered by the agreement

3. Schedule 3 - Security Measures: Detailed requirements for information security and data protection measures

4. Schedule 4 - Authorized Representatives: List of authorized representatives who may receive confidential information

5. Schedule 5 - Information Handling Procedures: Specific procedures for handling, storing, and transmitting confidential information

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Nigeria

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions
























Clauses

























Relevant Industries

Technology

Manufacturing

Financial Services

Healthcare

Energy

Telecommunications

Professional Services

Real Estate

Construction

Education

Retail

Agriculture

Mining

Entertainment

Media

Relevant Teams

Legal

Corporate Affairs

Executive Leadership

Business Development

Research and Development

Finance

Human Resources

Information Technology

Operations

Procurement

Risk and Compliance

Strategic Planning

Marketing

Product Development

Mergers and Acquisitions

Relevant Roles

Chief Executive Officer

Legal Counsel

Business Development Manager

Chief Financial Officer

Project Manager

Research and Development Director

Chief Technology Officer

Human Resources Director

Commercial Director

Operations Manager

Procurement Manager

Investment Manager

Corporate Secretary

Risk Manager

Compliance Officer

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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