A clip binder for holding paper which does not require damaging the material to be held within the clips. The clip binder has a front cover, a binder spine, a back cover and a pair of clips mounted on each end of the binder spine. The clips have a clip spine and two retainer walls which together define the jaws within which the paper is inserted. The clips are positioned perpendicularly to the binder spine such that the jaws face each other and are at right angles to the binder spine. The height of the retainer walls are constructed low so that the papers can be easily leafed through and without and fold back problems. In an alternative embodiment, the clips are slidably mounted to the binder spine. In yet another embodiment, the clips are rotatably mounted to the binder spine.