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Risky Thinking – On Risk Management, Disaster Recovery, and Business Continuity | |
| Home / Risk Glossary / Reciprocal Agreement | 11 May, 2008 | |
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Reciprocal Agreement (Definition)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. How far away should a hot site or mirror site be?
A question that is often asked when designing a disaster recovery plan is how far away a hot site or mirror site should be. Is there a simple answer? (More...)
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