Confidentiality Settlement Agreement Template for Austria

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Key Requirements PROMPT example:

Confidentiality Settlement Agreement

"I need a Confidentiality Settlement Agreement under Austrian law for resolving an employment dispute with a senior IT manager who had access to our client database, with specific provisions for GDPR compliance and ongoing data protection obligations after their departure in March 2025."

Document background
The Confidentiality Settlement Agreement is utilized when parties need to resolve a dispute while simultaneously establishing robust confidentiality protections under Austrian law. This document is particularly relevant in situations involving sensitive business information, trade secrets, or personal data that must be protected during and after the settlement process. It incorporates Austrian civil law requirements, EU GDPR compliance measures, and specific provisions from the Austrian Trade Secrets Act (UWG). The agreement is commonly used in business separations, employment terminations, commercial dispute resolutions, or when concluding business relationships where confidential information has been shared. The document includes detailed provisions for handling sensitive information, specific enforcement mechanisms, and remedies available under Austrian jurisdiction, making it suitable for both domestic and international business relationships involving Austrian entities.
Suggested Sections

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

2. Background: Context of the dispute or circumstances leading to the settlement

3. Definitions: Definitions of key terms, including 'Confidential Information', 'Settlement', 'Effective Date', etc.

4. Settlement Terms: Core settlement provisions, including any payments, releases, or specific actions required

5. Confidentiality Obligations: Detailed obligations regarding confidentiality, including scope, duration, and permitted disclosures

6. Security Measures: Required measures for protecting confidential information

7. Return or Destruction of Information: Provisions for handling confidential information after the agreement's purpose is fulfilled

8. Term and Termination: Duration of confidentiality obligations and conditions for termination

9. Breach and Remedies: Consequences of breach and available remedies, including liquidated damages if applicable

10. General Provisions: Standard clauses including governing law, jurisdiction, entire agreement, and amendments

Optional Sections

1. Data Protection: Required if the confidential information includes personal data under GDPR

2. Non-Disparagement: Optional provisions preventing parties from making negative statements about each other

3. Press Releases: Guidelines for public communications about the settlement, if relevant

4. Intellectual Property Rights: Required if the settlement involves IP rights or licensed materials

5. Insurance: Required if parties need to maintain specific insurance coverage

6. Employee Obligations: Required if the settlement affects employee relationships or involves staff training requirements

7. Survival: Specific provisions about which obligations survive termination, if different from standard terms

Suggested Schedules

1. Schedule 1 - Confidential Information: Detailed list or categories of information covered by the confidentiality obligations

2. Schedule 2 - Settlement Payment Terms: If applicable, detailed payment schedule and methods

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

4. Schedule 4 - Authorized Recipients: List of individuals or roles authorized to access confidential information

5. Appendix A - Form of Acknowledgment: Template for authorized recipients to acknowledge confidentiality obligations

6. Appendix B - Destruction Certificate: Template certificate confirming destruction of confidential information when required

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

Financial Services

Manufacturing

Healthcare

Professional Services

Research & Development

Pharmaceuticals

Information Technology

Telecommunications

Energy

Industrial

Consumer Goods

Media & Entertainment

Relevant Teams

Legal

Human Resources

Compliance

Executive Leadership

Risk Management

Information Security

Corporate Affairs

Business Development

Operations

Finance

Relevant Roles

Chief Executive Officer

Chief Legal Officer

General Counsel

HR Director

Compliance Officer

Data Protection Officer

Chief Financial Officer

Legal Counsel

HR Manager

Risk Manager

Business Development Director

Commercial Director

Operations Manager

Project Manager

Information Security Officer

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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