Confidentiality Deed Template for Austria

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Key Requirements PROMPT example:

Confidentiality Deed

"I need a Confidentiality Deed under Austrian law for a potential joint venture between my tech company and a manufacturing partner, with specific provisions for protecting our software source code and manufacturing processes, to be effective from March 2025."

Document background
A Confidentiality Deed is essential when parties need to share sensitive business, technical, or commercial information while ensuring legal protection under Austrian law. This document is particularly relevant during business negotiations, due diligence processes, joint ventures, or any situation requiring the disclosure of confidential information. The deed incorporates provisions from Austrian civil law, the EU General Data Protection Regulation (GDPR), the Austrian Trade Secrets Act, and other relevant legislation. It provides a robust framework for defining confidential information, establishing clear obligations for its protection, and setting out remedies for breach. The Confidentiality Deed is designed to be enforceable under Austrian jurisdiction while remaining flexible enough to accommodate various business relationships and types of confidential information.
Suggested Sections

1. Parties: Identification of the disclosing party and receiving party, including full legal names and addresses

2. Background: Context of the confidentiality arrangement and the purpose for sharing confidential information

3. Definitions: Key terms including 'Confidential Information', 'Authorized Purpose', 'Authorized Recipients', and other relevant definitions

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

5. Confidentiality Obligations: Core obligations regarding the use, protection, and non-disclosure of confidential information

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed and to whom

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

8. Return or Destruction: Obligations regarding the return or destruction of confidential information upon request or termination

9. Term and Survival: Duration of the deed and which obligations survive termination

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

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

Optional Sections

1. Personal Data Protection: Additional provisions when confidential information includes personal data subject to GDPR and Austrian Data Protection Act

2. Intellectual Property Rights: Provisions clarifying ownership and protection of IP rights when confidential information includes IP

3. Competition Restrictions: Non-compete and non-solicitation provisions, if relevant to the purpose

4. Audit Rights: Rights to audit compliance with confidentiality obligations, typically included for high-sensitivity information

5. Insurance Requirements: Obligations to maintain specific insurance coverage for potential breaches

6. Third Party Rights: Provisions regarding the rights of third parties whose information may be included

7. Force Majeure: Provisions for handling confidentiality obligations during extraordinary circumstances

Suggested Schedules

1. Schedule 1 - Specified Confidential Information: Detailed list or categories of confidential information covered by the deed

2. Schedule 2 - Authorized Recipients: List of individuals or roles authorized to receive the confidential information

3. Schedule 3 - Security Protocols: Specific security measures and protocols required for protecting the confidential information

4. Schedule 4 - Destruction Procedures: Detailed procedures for secure destruction or return of confidential information

5. Appendix A - Contact Details: Contact information for key personnel responsible for managing confidential information

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

Relevant legal definitions
Relevant Industries

Technology

Manufacturing

Financial Services

Healthcare

Pharmaceutical

Professional Services

Research and Development

Real Estate

Energy

Telecommunications

Media and Entertainment

Retail

Education

Biotechnology

Construction

Relevant Teams

Legal

Compliance

Human Resources

Information Security

Research and Development

Business Development

Executive Leadership

Procurement

Finance

Information Technology

Operations

Corporate Development

Risk Management

Strategic Planning

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Legal Counsel

Business Development Manager

Project Manager

Human Resources Director

Chief Technology Officer

Research Director

Investment Manager

Procurement Manager

Operations Director

Chief Financial Officer

Sales Director

Strategic Partnership Manager

Compliance Officer

Information Security Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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