"mutual regard" is a correct phrase in written English.
You can use it when two people, groups, or countries have a shared respect for each other. For example, "The two leaders sought to preserve a spirit of mutual regard and understanding in their negotiations."
Mutual regard cancels enmity.
"At home Mutual Regard can be lazy," said Coakley.
When will this chain of mutual regard be broken?
Albert Einstein and Rabindranath Tagore professed mutual regard, but didn't agree on much when they met.
As for Justin and Jon, there is no attempt at friendship, more a wary mutual regard.
During this time a mutual regard grew between the architects and their client, Westminster City Council.
Until they try some new ideas like, oh, mutual respect, regard for Indigenous sovereignty, actually working with communities maybe not just on extraction but on the healing of our lands and relationships.
The only time, it is said, when the secretary of state and the national security adviser enjoyed complete mutual respect and regard was in 1973-75; that's when Mr. Kissinger held both jobs.
A school built on the conviction that every member of its community is an individual made and loved by God and with an eternal destiny in God's purposes will be one in which people treat each other with mutual respect and regard.
In addition, the present results, taken together with recent own- and other-race eye tracking findings with infants and adults, provide strong support for an enculturation hypothesis that East Asians and Westerners may be socialized to scan faces differently due to each culture's conventions regarding mutual gaze during interpersonal communication.
They had been friends for almost ten years, and regarded each other with mutual esteem.
