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Reciprocal NDA

Reciprocal NDA Template for Austria

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Key Requirements PROMPT example:

Reciprocal NDA

"I need a Reciprocal NDA under Austrian law for a potential joint venture between our software development company and a manufacturing firm, with special attention to protecting technical specifications and source code, to be effective from March 1, 2025."

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Document background
This Reciprocal NDA template is designed for use when two parties need to share sensitive business, technical, or commercial information while ensuring mutual protection under Austrian law. The document is particularly suitable for business negotiations, due diligence processes, joint ventures, or collaborative projects where both parties need to disclose confidential information. It includes comprehensive provisions aligned with Austrian trade secret protection laws (Geschäftsgeheimnisgesetz), GDPR requirements, and Austrian civil code (ABGB) principles. The agreement defines confidential information broadly to encompass trade secrets, technical know-how, business plans, and other proprietary information, while establishing clear protocols for information handling and security measures.
Suggested Sections

1. Parties: Identification of the contracting parties, including full legal names, company registration details, and addresses

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

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

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

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

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to representatives and when required by law

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

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

9. Duration and Survival: Term of the agreement and survival of confidentiality obligations

10. Breach and Remedies: Consequences of breach and available remedies under Austrian law

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

Optional Sections

1. Data Protection: Additional section when confidential information includes personal data subject to GDPR

2. Intellectual Property Rights: Section clarifying IP ownership when confidential information includes IP-sensitive material

3. Non-Solicitation: Optional restrictions on soliciting employees or customers, if relevant to the business relationship

4. Export Control: Required when confidential information may be subject to export control regulations

5. Competitive Activities: Optional restrictions on competitive activities, subject to Austrian competition law

6. Force Majeure: Provisions for extraordinary circumstances affecting compliance with the agreement

Suggested Schedules

1. Schedule 1 - Authorized Representatives: List of individuals authorized to receive and handle confidential information

2. Schedule 2 - Security Protocols: Detailed technical and organizational security measures required for protecting confidential information

3. Schedule 3 - Specific Projects: Description of specific projects or purposes for which confidential information will be shared

4. Schedule 4 - Processing Activities: Required when personal data is involved, detailing processing activities under GDPR

5. Appendix A - Notice Requirements: Contact details and procedures for required notices under the agreement

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Technology

Manufacturing

Healthcare

Financial Services

Professional Services

Research & Development

Biotechnology

Software Development

Industrial

Energy

Telecommunications

Retail

Automotive

Pharmaceuticals

Education

Relevant Teams

Legal

Executive Leadership

Business Development

Research and Development

Information Technology

Human Resources

Finance

Operations

Procurement

Sales

Compliance

Innovation

Strategic Partnerships

Product Development

Corporate Affairs

Relevant Roles

Chief Executive Officer

Legal Counsel

Business Development Manager

Chief Technology Officer

Project Manager

Research Director

Chief Financial Officer

Innovation Manager

Operations Director

Procurement Manager

Human Resources Director

Sales Director

Strategic Partnership Manager

Chief Information Officer

Compliance Officer

Industries
Austrian Trade Secrets Act (Geschäftsgeheimnisgesetz): Implements EU Trade Secrets Directive and provides framework for protection of trade secrets, including definition of trade secrets and remedies for misappropriation
Austrian Civil Code (ABGB): Contains fundamental contract law provisions, including requirements for valid contract formation, principles of good faith, and general obligations of contracting parties
Austrian Data Protection Act (Datenschutzgesetz): National implementation of GDPR, relevant for handling personal data that may be part of confidential information
EU General Data Protection Regulation (GDPR): Directly applicable EU regulation governing personal data protection, relevant when confidential information includes personal data
Austrian Unfair Competition Act (UWG): Provides protection against unfair business practices and supplements trade secret protection
Austrian Labor Law (Arbeitsrecht): Relevant when NDA involves employees, containing specific provisions about confidentiality obligations in employment relationships
Austrian Commercial Code (UGB): Contains provisions relevant to business relationships and commercial contracts, including implied confidentiality obligations
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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