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Confidential Information Exchange Agreement

This Confidential Information Exchange Agreement (CIEA) is used when two parties need to share confidential information for a specific purpose, ensuring that the information remains protected and is not misused or disclosed to unauthorized third parties. It is suitable for discussions related to potential partnerships, mergers, acquisitions, or collaborative projects.

Updated 15d ago
confidentialityNDAnon-disclosureagreementinformation exchangeSMESouthern Africa

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

CONFIDENTIAL INFORMATION EXCHANGE AGREEMENT

This Confidential Information Exchange Agreement ("Agreement") is made and entered into as of this {{day}} day of {{month}}, {{year}} ("Effective Date"), by and between:

{{Disclosing_Party_Company_Name}}, a company duly registered under the laws of {{Disclosing_Party_Country}}, with its principal place of business at {{Disclosing_Party_Address}} (hereinafter referred to as the "Disclosing Party").

AND

{{Receiving_Party_Company_Name}}, a company duly registered under the laws of {{Receiving_Party_Country}}, with its principal place of business at {{Receiving_Party_Address}} (hereinafter referred to as the "Receiving Party").

Collectively referred to as the "Parties" and individually as a "Party".

1. Purpose

The Parties wish to explore a potential business relationship concerning {{purpose_of_discussion}} (the "Purpose"), and in connection therewith, each Party may disclose to the other certain confidential and proprietary information.

2. Definition of Confidential Information

"Confidential Information" shall mean any and all technical and non-technical information disclosed by one Party (the "Disclosing Party") to the other Party (the "Receiving Party"), whether orally, visually, in writing, or by any other means, that is designated as confidential at the time of disclosure or that reasonably would be understood to be confidential given the nature of the information and the circumstances of disclosure. Confidential Information includes, but is not limited to, trade secrets, business plans, financial data, customer lists, product designs, software code, marketing strategies, and proprietary technology.

Confidential Information does not include information that: (a) is or becomes publicly known through no wrongful act of the Receiving Party; (b) was known to the Receiving Party prior to its disclosure by the Disclosing Party without restriction on use or disclosure; (c) is independently developed by the Receiving Party without reference to the Confidential Information; or (d) is rightfully received by the Receiving Party from a third party without restriction on use or disclosure.

3. Obligations of Receiving Party

The Receiving Party agrees to: (a) hold the Confidential Information in strict confidence and take all reasonable precautions to protect such information; (b) not disclose the Confidential Information to any third party without the prior written consent of the Disclosing Party; (c) not use the Confidential Information for any purpose other than the stated Purpose; (d) restrict access to the Confidential Information to its employees, agents, and contractors who have a legitimate need to know for the Purpose and who are bound by confidentiality obligations at least as protective as those contained herein; and (e) promptly notify the Disclosing Party upon discovery of any unauthorised use or disclosure of the Confidential Information.

4. Return or Destruction of Confidential Information

Upon the Disclosing Party's written request, or upon termination of the discussions regarding the Purpose, the Receiving Party shall promptly return to the Disclosing Party or destroy all Confidential Information (and all copies thereof) disclosed by the Disclosing Party, including all notes, memoranda, and other documents prepared by the Receiving Party that incorporate such Confidential Information. The Receiving Party shall, upon request, certify in writing its compliance with this provision.

5. Term

The obligations of confidentiality and non-use set forth in this Agreement shall remain in effect for a period of {{period_in_years}} ({{period_in_words}}) years from the Effective Date.

6. Governing Law and Jurisdiction

This Agreement shall be governed by and construed in accordance with the laws of {{governing_country}}. Any dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity, or termination, shall be referred to and finally resolved by the courts of {{jurisdiction_city}}, {{jurisdiction_country}}.

7. Entire Agreement

This Agreement constitutes the entire understanding between the Parties concerning the subject matter hereof and supersedes all prior agreements, understandings, negotiations, and discussions, whether oral or written, between the Parties relating to the Confidential Information.

8. Amendments

No amendment or modification of this Agreement shall be valid unless in writing and signed by authorised representatives of both Parties.

Signature Block

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the Effective Date.

DISCLOSING PARTY:

_____________________________

By: {{Disclosing_Party_Signatory_Name}}

Name: {{Disclosing_Party_Signatory_Printed_Name}}

Title: {{Disclosing_Party_Signatory_Title}}

Date: {{Disclosing_Party_Signature_Date}}

RECEIVING PARTY:

_____________________________

By: {{Receiving_Party_Signatory_Name}}

Name: {{Receiving_Party_Signatory_Printed_Name}}

Title: {{Receiving_Party_Signatory_Title}}

Date: {{Receiving_Party_Signature_Date}}

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