Common Interest Privilege Agreement Sample: Protecting Your Confidential Information
When it comes to legal matters, confidentiality is key. In order to protect your company`s confidential information, it`s important to have a Common Interest Privilege Agreement in place. This agreement outlines the rules and regulations for sharing confidential information with other parties, in order to prevent any potential breach of information. Here is a sample Common Interest Privilege Agreement to help you get started.
What is a Common Interest Privilege Agreement?
A Common Interest Privilege Agreement, also known as a CIPA, is a legal document that governs the sharing of confidential information between parties who have a “common interest” in a legal matter. This agreement ensures that all parties involved in a legal matter can share information freely without the fear of waiving any attorney-client privilege.
Sample Common Interest Privilege Agreement
This Agreement (the “Agreement”) is entered into as of the date of the latest signature hereunder (the “Effective Date”), by and between [insert parties` names], (collectively the “Parties”) with reference to the following:
1. Purpose of Disclosure. The Parties have a common interest in [insert purpose of legal matter here], and each Party may be required to disclose confidential information to the other Party pertaining to the common interest.
2. Confidential Information. Each Party shall treat all confidential information disclosed by the other Party as confidential and shall not disclose such information to any third party, except as expressly permitted hereunder.
3. Exception to Confidentiality. Notwithstanding the foregoing, a Party may disclose confidential information if such disclosure is required by law or judicial process, provided that such Party provides the disclosing Party with prompt notice of such requirement to disclose and cooperates with the disclosing Party to seek an appropriate protective order.
4. Third-Party Confidentiality. If a Party discloses any confidential information to a third party, the Parties agree that the third party shall be bound by the terms of this Agreement.
5. Term of Agreement. This Agreement shall continue in full force and effect until [insert date or condition of termination].
6. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of [insert governing state].
7. Entire Agreement. This Agreement, together with any exhibits or schedules hereto, constitutes the entire agreement and understanding of the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous negotiations, understandings, and agreements between the Parties, whether oral or written.
8. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.
[Insert signature blocks for each party]
A Common Interest Privilege Agreement is an important legal document to have in place when confidential information is shared between parties with a common interest in a legal matter. This sample agreement is a good starting point for drafting your own agreement, but it is important to consult with a legal expert to ensure that the agreement is tailored to your specific needs. By having a Common Interest Privilege Agreement in place, you can safeguard your confidential information and protect your business from any potential wrongdoing.