NDA Between Two Companies Template for Austria

This NDA Between Two Companies is essential for businesses operating under Austrian jurisdiction that need to protect confidential information during business negotiations, due diligence processes, or other commercial relationships. The agreement is structured to comply with Austrian civil law requirements and EU regulations, particularly important when companies are exploring potential partnerships, joint ventures, or other business opportunities. It covers the definition of confidential information, permitted uses, security requirements, and obligations for protection of trade secrets. This template is specifically designed for company-to-company relationships, incorporating necessary provisions for corporate entities under Austrian law, including considerations for affiliated companies and authorized personnel. The document becomes particularly relevant in scenarios involving technology transfer, business negotiations, strategic partnerships, or any situation where proprietary information needs to be shared between corporate entities.

1. Parties: Identification of the contracting companies, including full legal names, registration numbers, and registered addresses

2. Background: Context of the agreement and purpose of sharing confidential information

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

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

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

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed to authorized recipients

7. Security Measures: Required security measures for protecting confidential information

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

9. Term and Termination: Duration of the agreement and termination provisions

10. Survival: Obligations that continue after termination

11. Remedies: Legal remedies available in case of breach, including injunctive relief

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