Mutual confidentiality agreement between businesses (Cyprus)
Published byDocMuse
This document is in Greek
The PDF you download is in Greek — that is the language it has to be filed in, so it is not translated. Everything on this page is here to tell you what it says.
The agreement by which two businesses in Cyprus, before a possible collaboration, undertake to keep confidential the information they exchange: the purpose, what is and is not confidential, use only for the purpose, who may see it, how long it lasts, return or destruction, and what happens on breach, including damages and an injunction. Law 164(I)/2020 protects as a trade secret only information whose holder has taken reasonable steps to keep it secret, and this agreement is one of them. It contains no non-compete (section 27 of Cap. 149).
What you fill in
The details the document asks for.
- City
- Date
- First party
- First party's registration number (HE), or for a sole trader their identity card or ARC number
- First party's address
- First party's representative
- Second party
- Second party's registration number (HE), or for a sole trader their identity card or ARC number
- Second party's address
- Second party's representative
- Purpose
- Scope of confidentiality
- Confidentiality period after talks end
Preview
This document is produced for you. Your answers are typed into it and the finished PDF is yours to keep.
Common questions
- Does the law in Cyprus protect a business's confidential information without an NDA?
- Partly. Law 164(I)/2020, which transposed the EU trade secrets directive, protects information that is secret, has commercial value because it is secret, and whose holder has taken reasonable steps to keep it secret. A confidentiality agreement is one such step; it also covers information that may not be a trade secret, sets the purpose it may be used for, and says what happens when talks end.
- Can a confidentiality agreement in Cyprus include a non-compete?
- It is not advisable. Section 27 of the Contract Law, Cap. 149, makes void an agreement restraining someone from a lawful business, and only narrow, reasonable restrictions stand a chance. A duty not to use or disclose the other side's information is not such a restraint, so this agreement says expressly that neither party is restricted in its business beyond confidentiality.
- What can a business in Cyprus do if the other party discloses its confidential information?
- Claim damages for its loss in the District Court and, where the leak continues or is threatened, apply urgently for an injunction stopping the use or disclosure. For trade secrets, Law 164(I)/2020 provides further court remedies. Keep records of what you disclosed and when, and mark confidential documents as confidential.
How you can sign this document
- Print it and sign by hand. The signature lines in the document are left blank on purpose — sign on them in ink.
- Sign it yourself with a qualified electronic signature. If you already hold a QES — Evrotrust, B-Trust, StampIT, ZealiD or any qualified provider on the EU Trusted List, on a card, a USB token, in a mobile app or in the cloud — our signing guide explains step by step how to sign this exact file without invalidating it. Step-by-step help, and a way to check it worked
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