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Company Confidentiality Agreement for Nigeria

Company Confidentiality Agreement Template for Nigeria

A comprehensive legal document governed by Nigerian law that establishes binding confidentiality obligations between companies sharing sensitive business information. This agreement provides robust protection for confidential information, trade secrets, and proprietary data while ensuring compliance with Nigerian legislation, including the Nigerian Data Protection Regulation 2019 and relevant provisions of the Companies and Allied Matters Act 2020. The document outlines specific obligations, permitted uses, security measures, and remedies available under Nigerian law in case of breach.

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Company Confidentiality Agreement

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What is a Company Confidentiality Agreement?

The Company Confidentiality Agreement is essential for businesses operating in Nigeria that need to protect sensitive information during commercial relationships, negotiations, or collaborative ventures. This document is particularly crucial given Nigeria's expanding business environment and the increasing need for information sharing in commercial transactions. It ensures compliance with Nigerian legal requirements, including the Nigerian Data Protection Regulation 2019, the Freedom of Information Act 2011, and common law principles of confidentiality. The agreement typically covers definition of confidential information, scope of permitted use, security measures, duration of obligations, and remedies for breach. It's commonly used in business negotiations, due diligence processes, joint ventures, and other commercial relationships where proprietary information needs protection.

What sections should be included in a Company Confidentiality Agreement?

1. Parties: Identification of the disclosing party and receiving party, including full legal names, registration numbers, and registered addresses

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

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

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

5. Obligations of Confidentiality: Core confidentiality obligations, including duty of care, non-disclosure, and security measures

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

7. Security Measures: Specific measures required to protect confidential information

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

9. Duration and Survival: Term of the agreement and obligations that survive termination

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

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

What sections are optional to include in a Company Confidentiality Agreement?

1. Non-Competition: Restrictions on competitive activities, used when there's a risk of business competition

2. Non-Solicitation: Restrictions on soliciting employees or customers, included when protecting business relationships is crucial

3. Intellectual Property Rights: Specific provisions protecting IP rights, used when confidential information includes IP

4. Data Protection Compliance: Specific provisions for compliance with Nigerian Data Protection Regulation, used when personal data is involved

5. Assignment and Succession: Rules for transferring rights under the agreement, included for longer-term or complex relationships

6. Third Party Rights: Provisions regarding rights of third parties, used when third parties may be affected

7. Corporate Authority: Warranties regarding authority to enter agreement, used for complex corporate relationships

What schedules should be included in a Company Confidentiality Agreement?

1. Schedule 1 - Description of Confidential Information: Detailed list or categories of confidential information covered

2. Schedule 2 - Authorized Recipients: List of individuals or roles authorized to receive confidential information

3. Schedule 3 - Security Protocols: Detailed security measures and procedures for handling confidential information

4. Schedule 4 - Notification Procedures: Procedures for reporting breaches or unauthorized disclosures

5. Appendix A - Form of Acknowledgment: Template for authorized recipients to acknowledge confidentiality obligations

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Nigeria

Cost

Free to use
Relevant legal definitions

























Clauses


























Relevant Industries

Technology

Financial Services

Manufacturing

Oil and Gas

Healthcare

Telecommunications

Professional Services

Real Estate

Construction

Agriculture

Mining

Retail

Education

Entertainment

Logistics

Energy

Relevant Teams

Legal

Compliance

Executive Leadership

Business Development

Human Resources

Information Technology

Finance

Operations

Risk Management

Research and Development

Corporate Affairs

Procurement

Strategy

Investment

Information Security

Project Management

Relevant Roles

Chief Executive Officer

Managing Director

Legal Counsel

Compliance Officer

Business Development Manager

Project Manager

Chief Financial Officer

Chief Technology Officer

Human Resources Director

Operations Manager

Risk Manager

Company Secretary

Investment Manager

Strategy Director

Procurement Manager

Research and Development Director

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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