Acknowledgment of Confidentiality of Client Information is an agreement between two parties in which one party agrees to keep the other party’s information confidential. This agreement is often used by businesses when dealing with sensitive financial or personal data. It is also used by organizations that provide services to clients, such as health care providers or legal firms. The agreement outlines the types of information which will be kept confidential, the responsibilities of each party, and any potential risks or consequences of a breach of confidentiality. There are two main types of Acknowledgment of Confidentiality of Client Information: a written agreement and a verbal agreement. A written agreement is a legally binding document which outlines the terms and conditions of the agreement. A verbal agreement is an informal agreement which is expressed in words and does not require a written document. Regardless of the type of agreement, both parties must agree to it and sign the document in order for it to be legally binding. In addition, the parties must be aware of the consequences of a breach of confidentiality, such as legal action or financial penalties.