On Risk Management, Business Continuity, and Security
|26 February, 2017|
A reciprocal agreement is an agreement made by two or more companies to use each other's resources during a disaster.
Care should be taken with reciprocal agreements to ensure that the businesses concerned are unlikely to be affected by the same disaster. For example, businesses in close proximity may all be affected by the same evacuation order, area power outage, telecommunications loss, flood, etc.
A Reciprocal Agreement may also be known as a Consortium Agreement.
You are welcome to use these definitions for any purpose provided that an acknowledgement is made
to www.riskythinking.com and (if you're using HTML) you provide a link back to this site.
Risky Thinking Newsletter
Are you responsible for Business Continuity, Disaster Recovery, or Risk Management in your organization? Then you may wish to receive a free subscription to the the monthly Risky Thinking Newsletter. It contains news, opinions and articles of interest to people working in these areas.
Recent articles have included:
© Albion Research Ltd. 2017