Business Confidentiality Agreement Template for Austria

The Business Confidentiality Agreement is essential when parties need to share sensitive business information while ensuring its protection under Austrian law. It is commonly used during business negotiations, due diligence processes, joint ventures, or any commercial relationship involving the exchange of proprietary information. The document must comply with Austrian legislation, particularly the Geschäftsgeheimnisgesetz and relevant EU regulations, while addressing practical business needs. It typically includes detailed provisions on information handling, security measures, permitted disclosures, and consequences of breach. This type of agreement is fundamental in protecting trade secrets, technical know-how, customer data, and other confidential business information in the Austrian business environment.

1. Parties: Identification of the parties entering into the agreement, including full legal names, registration numbers, and registered addresses

2. Background: Context of the agreement, business relationship between parties, and purpose of sharing confidential information

3. Definitions: Detailed definitions of key terms, especially 'Confidential Information', 'Trade Secrets', 'Permitted Purpose', and 'Authorized Recipients'

4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement

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

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees, advisors, or as required by law

7. Security Measures: Required technical and organizational measures to protect confidential information

8. Return or Destruction of Confidential Information: Procedures for returning or destroying confidential information upon request or termination

9. Duration and Survival: Term of the agreement and survival of obligations after termination

10. Breach and Remedies: Consequences of breach and available remedies including injunctive relief

11. Governing Law and Jurisdiction: Specification of Austrian law as governing law and jurisdiction for disputes

12. General Provisions: Standard boilerplate clauses including severability, amendments, and entire agreement