3 Way NDA Template for Austria

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Key Requirements PROMPT example:

3 Way NDA

"I need a 3 Way NDA under Austrian law for a joint technology development project between my software company, a hardware manufacturer, and a research institution, with specific provisions for protecting AI-related intellectual property and research data."

Document background

This Three-Way NDA is designed for situations where confidential information needs to be shared and protected between three distinct parties under Austrian law. It is particularly useful in complex business transactions, joint ventures, or collaborative projects where multiple parties need to exchange sensitive information. The document ensures compliance with Austrian civil law, the Austrian Trade Secrets Act (UWG §26a-j), and EU regulations including GDPR where applicable. This 3 Way NDA template includes comprehensive provisions for defining confidential information, establishing security protocols, and outlining specific obligations for each party. It is structured to accommodate various business relationships while providing clear mechanisms for information sharing and protection under Austrian jurisdiction.

Suggested Sections

1. Parties: Identification and details of all three parties to the agreement

2. Background: Context of the relationship between the three parties and purpose of the NDA

3. Definitions: Definitions of key terms including 'Confidential Information', 'Permitted Purpose', 'Representatives', and other relevant terms

4. Disclosure and Use of Confidential Information: Terms governing how confidential information may be shared among the three parties and permitted uses

5. Obligations of Confidentiality: Core confidentiality obligations of each party, including storage, protection, and handling of confidential information

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed to representatives or required by law

7. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination or request

8. Term and Termination: Duration of the agreement and circumstances for termination

9. Survival of Obligations: Specification of which obligations continue after termination

10. General Provisions: Standard contractual provisions including governing law, jurisdiction, and entire agreement

Optional Sections

1. Data Protection: Specific provisions relating to GDPR compliance when personal data is involved

2. Information Security Requirements: Specific technical and organizational measures required for protecting confidential information

3. Non-Solicitation: Restrictions on soliciting employees or customers, if relevant to the business relationship

4. Competitive Restrictions: Any agreed restrictions on competitive activities, if relevant

5. Specific Project Requirements: Additional provisions specific to particular projects or transactions

6. Audit Rights: Rights to audit compliance with confidentiality obligations, if required

7. Insurance Requirements: Specific insurance obligations for handling confidential information, if needed

Suggested Schedules

1. Schedule 1 - Description of Confidential Information: Detailed categorization of what constitutes confidential information for each party

2. Schedule 2 - Authorized Representatives: List of authorized representatives from each party who may access confidential information

3. Schedule 3 - Security Protocols: Specific security measures and protocols for handling confidential information

4. Schedule 4 - Information Handling Procedures: Detailed procedures for marking, storing, and transmitting confidential information

5. Appendix A - Notice Details: Contact details and procedures for serving notices under the agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Technology

Manufacturing

Financial Services

Healthcare

Pharmaceutical

Biotechnology

Professional Services

Real Estate

Energy

Telecommunications

Automotive

Aerospace

Research & Development

Consumer Goods

Media & Entertainment

Relevant Teams

Legal

Executive Leadership

Business Development

Research & Development

Information Technology

Finance

Operations

Procurement

Compliance

Corporate Development

Innovation

Strategic Planning

Commercial

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Legal Counsel

Business Development Manager

Project Manager

Research Director

Chief Technology Officer

Chief Financial Officer

Operations Manager

Procurement Manager

Investment Manager

Strategic Partnership Director

Innovation Manager

Commercial Director

Compliance Officer

Find the exact document you need

Nda (Technology)

Austrian law-governed NDA specifically designed for protecting technology-related confidential information and trade secrets.

How a Sales & Marketing Lead uses Genie AI to reduce contract drafting time by 95%

Let's create your 3 Way NDA

Authors

Alex Denne

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