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This Bilateral Confidentiality Agreement is essential for business relationships where parties need to share sensitive information while ensuring legal protection under Pakistani law. The document is commonly used during business negotiations, joint ventures, potential partnerships, or any situation requiring the exchange of proprietary information. It provides a framework compliant with Pakistani legislation, including the Contract Act 1872 and relevant commercial laws, for protecting trade secrets, technical know-how, customer data, and other confidential information. The agreement is particularly important given Pakistan's developing jurisprudence on trade secret protection and the need for explicit contractual safeguards. It includes provisions for enforcement through Pakistani courts and specifies remedies available under local law.

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

2. Background: Brief context of why the agreement is being entered into and the relationship between the parties

3. Definitions: Key terms used in the agreement, particularly 'Confidential Information', 'Permitted Purpose', 'Representatives', and 'Affiliate'

4. Confidentiality Obligations: Core 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. Security Measures: 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 Termination: Term of the agreement and circumstances for termination

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

10. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction for disputes

11. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and severability