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This Reciprocal NDA template is essential for businesses operating in Nigeria who need to protect confidential information during preliminary discussions, negotiations, or ongoing business relationships. The document is specifically crafted to comply with Nigerian legislation, including the Trade Secrets (Protection) Act 2023, Data Protection Act 2023, and relevant common law principles. It's particularly valuable when parties are exploring potential partnerships, joint ventures, or any business arrangement requiring the exchange of sensitive information. The template includes comprehensive definitions of confidential information, clear obligations for both parties, permitted uses, and robust enforcement mechanisms under Nigerian law. This version of a Reciprocal NDA is regularly used in various sectors from technology to manufacturing, and can be customized based on specific industry requirements while maintaining compliance with Nigerian legal frameworks.

1. Parties: Identification of the parties entering into the NDA, including full legal names, addresses, and company registration details where applicable

2. Background: Brief context explaining why the parties are entering into the NDA and the nature of their potential business relationship

3. Definitions: Detailed definitions of key terms used throughout the agreement, particularly 'Confidential Information', 'Representatives', 'Permitted Purpose'

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

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

6. Standard of Care: The level of care required in protecting confidential information

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

8. Term and Survival: Duration of the agreement and which obligations survive termination

9. Remedies: Available remedies in case of breach, including injunctive relief

10. General Provisions: Standard boilerplate clauses including governing law, jurisdiction, entire agreement, and amendments