Mutual Confidentiality And Non Disclosure Agreement Template for Nigeria

The Mutual Confidentiality And Non-Disclosure Agreement is essential for businesses and organizations operating in Nigeria who need to protect sensitive information during business discussions, negotiations, or collaborative ventures. This document is particularly relevant in the current Nigerian business environment where cross-sector partnerships and information sharing are increasingly common. The agreement is structured to comply with Nigerian legal requirements while providing comprehensive protection for both parties' confidential information. It is commonly used during business negotiations, due diligence processes, joint ventures, or any situation where sensitive information needs to be shared. The document includes specific provisions for data protection compliance, especially considering the NDPR 2019, and addresses both physical and digital information security requirements.

1. Parties: Identification of all parties entering into the agreement, including full legal names, registration numbers, and addresses

2. Background: Context of the agreement, including the purpose of information sharing and the business relationship between the parties

3. Definitions: Detailed definitions of key terms, especially 'Confidential Information', 'Permitted Purpose', 'Representatives', and other relevant terms

4. Scope of Confidentiality: Detailed description of what constitutes confidential information under the agreement

5. Obligations of Confidentiality: Core confidentiality obligations, including handling, protection, and non-disclosure requirements

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees, advisors, or as required by law

7. Security Measures: Required security measures for protecting confidential information, including both physical and digital safeguards

8. Return or Destruction of Information: Procedures for returning or destroying confidential information upon request or termination

9. Duration and Termination: Term of the agreement and survival of obligations post-termination

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

11. General Provisions: Standard clauses including governing law, jurisdiction, entire agreement, and variation