NDA Trade Secret Template for Austria

This Trade Secret NDA template is designed for use in situations where parties need to share highly sensitive trade secrets or proprietary information under Austrian jurisdiction. The document is particularly relevant when companies need to protect valuable intellectual property, manufacturing processes, technical specifications, or business methods that qualify as trade secrets under Austrian law. It incorporates specific requirements from the Austrian Trade Secrets Act (UWG-Novelle 2018) and aligns with EU Trade Secrets Directive 2016/943. The NDA Trade Secret template includes robust security measures, clear handling protocols, and specific enforcement mechanisms tailored to Austrian legal requirements. It is especially suitable for technology transfers, joint ventures, potential business partnerships, or any situation where trade secrets need to be shared while maintaining strict confidentiality.

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

2. Background: Context of the relationship and purpose of sharing trade secrets

3. Definitions: Key terms including 'Confidential Information', 'Trade Secrets', 'Permitted Purpose', and 'Authorized Recipients'

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

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

6. Permitted Disclosures: Circumstances under which confidential information may be shared with authorized recipients

7. Security Measures: Specific security measures required to protect trade secrets, as required by Austrian Trade Secrets Act

8. Term and Survival: Duration of the agreement and obligations that survive termination

9. Return or Destruction: Requirements for handling confidential information upon termination or request

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

11. Governing Law and Jurisdiction: Specification of Austrian law and jurisdiction for dispute resolution

12. Execution: Signature blocks and execution formalities