In the case of a multilateral confidentiality agreement, there are a large number of parties (more than two) who are the revealing party and/or the receiving party (i.e., all parties disclose confidential information and each other, others divide confidential information and others receive confidential information). This agreement is ideal for individuals or businesses, most or all parties wishing to protect their interests when disclosing confidential information to ensure that such information is not disclosed to third parties and/or used for purposes other than those described in the agreement. A reciprocal confidentiality agreement that is appropriate when both parties are the party that has been disclosed and both parties are the party receiving it. This agreement is used in cases where the parties wish to disclose confidential information, but to ensure that third parties and/or the public are not associated with that information. The agreement provides for the disclosure and/or non-disclosure of this confidential information. Due to the disclosure restrictions imposed on the parties to the agreement, it is also referred to as a confidentiality agreement. The agreement contains the following clauses:1. Definitions2. Interpretation3. Background4. Multilateral confidentiality obligation5.
Duration6. Benefits7. Breach8. Communications9. Severability10. Applicable law and jurisdiction11. Counter-parts12. The signatories of the agreement provide for remedies and legal costs when the agreement, as a host party, is violated by one of the parties.