Risky Thinking
– On Risk Assessment, Risk Management, and Business Continuity
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Risky Thinking
– On Risk Assessment, Risk Management, and Business Continuity
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| Home / Risk Glossary / Reciprocal Agreement | 4 February, 2012 | |
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. 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. View a sample issue, or click here to subscribe. Recent articles have included: In different countries, different rules apply. Yet we tend to think that everywhere people are like us and that our own rules apply. Unless we are careful, this can lead us to assume some unexpected risks.
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