Non Disclosure Agreement Property Template for Austria

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Key Requirements PROMPT example:

Non Disclosure Agreement Property

"I need an Austrian Non Disclosure Agreement Property for a confidential sale process of a luxury hotel in Vienna, to be used with potential buyers and their advisors, with the agreement lasting until March 2025 with a two-year confidentiality survival period."

Document background
The Non Disclosure Agreement Property is a specialized confidentiality agreement designed for use in Austrian property transactions and real estate dealings. It becomes relevant when parties need to exchange sensitive information about property assets, including but not limited to valuations, development plans, financial projections, environmental assessments, and strategic property information. This document is particularly important in the Austrian market where property transactions often involve substantial due diligence and complex regulatory requirements. The agreement ensures compliance with Austrian civil law, property regulations, and data protection requirements while providing clear mechanisms for protecting confidential information throughout the property transaction process. It is commonly used during property negotiations, due diligence periods, development planning, and other situations where sensitive property-related information needs to be shared under confidential terms.
Suggested Sections

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

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

3. Definitions: Definitions of key terms including 'Confidential Information', 'Property', 'Permitted Purpose', and other relevant terms

4. Scope of Confidential Information: Detailed description of what constitutes confidential information, specifically relating to the property, including documents, plans, financial information

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 professional advisors and as required by law

7. Property-Specific Provisions: Specific provisions relating to property information, including site visits, photographs, and property documentation

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

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

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

11. Execution: Signature blocks and execution provisions

Optional Sections

1. Data Protection Provisions: Specific GDPR compliance provisions when personal data is involved in the confidential information

2. Intellectual Property Rights: Provisions relating to IP rights in property designs, plans or related materials when relevant

3. Security Requirements: Specific security measures required for storing and handling confidential information, particularly relevant for high-value properties

4. Independent Contractor Relationship: Clarification of relationship between parties when needed

5. Insurance Requirements: Provisions regarding insurance coverage for liability, particularly relevant for property inspections

6. Assignment and Succession: Provisions regarding transfer of rights and obligations, relevant for corporate transactions

7. Broker/Agent Provisions: Special provisions when real estate agents or brokers are involved

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the property or properties covered by the NDA, including addresses and relevant identifiers

2. Schedule 2 - Authorized Representatives: List of authorized representatives from each party who may receive or handle confidential information

3. Schedule 3 - Specific Confidential Information: Detailed list of specific documents and information types covered by the NDA

4. Appendix A - Security Protocols: Optional appendix detailing specific security measures for handling confidential information

5. Appendix B - Approved Third Parties: Optional list of pre-approved third parties who may receive 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
Clauses
Relevant Industries

Real Estate

Construction

Property Development

Financial Services

Legal Services

Architecture & Design

Property Management

Environmental Services

Insurance

Investment & Banking

Urban Planning

Facilities Management

Property Technology

Hospitality

Relevant Teams

Legal

Real Estate

Property Management

Investment

Finance

Operations

Development

Acquisitions

Project Management

Environmental

Valuation

Risk Management

Compliance

Facilities

Relevant Roles

Real Estate Director

Property Manager

Development Manager

Investment Analyst

Legal Counsel

Chief Financial Officer

Asset Manager

Acquisitions Manager

Project Manager

Environmental Consultant

Valuation Specialist

Real Estate Agent

Property Developer

Facilities Manager

Architecture Director

Construction Manager

Due Diligence Specialist

Real Estate Investment 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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