Reciprocal Non Disclosure Agreement Template for Austria

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Key Requirements PROMPT example:

Reciprocal Non Disclosure Agreement

"I need a Reciprocal Non Disclosure Agreement under Austrian law for a potential joint venture between our software development company and a manufacturing partner, with specific provisions for protecting source code and manufacturing processes, to be effective from March 2025."

Document background

This Reciprocal Non Disclosure Agreement is essential for businesses and organizations planning to engage in discussions, negotiations, or collaborations where confidential information needs to be shared. The document is specifically structured to comply with Austrian legal requirements and EU regulations, making it suitable for use within Austria and in cross-border situations involving Austrian entities. It provides comprehensive protection for trade secrets, intellectual property, and sensitive business information, while ensuring GDPR compliance for personal data handling. The agreement is particularly valuable during initial business discussions, due diligence processes, joint ventures, or any situation where mutual exchange of confidential information is necessary. It includes specific provisions for data security, permitted uses, and obligations of both parties to maintain confidentiality.

Suggested Sections

1. Parties: Identification of both parties entering into the NDA, including full legal names, registration numbers, and registered addresses

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

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

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

5. Obligations of Confidentiality: Core mutual obligations regarding handling and protecting confidential information

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees, advisors, or as required by law

7. Data Protection and GDPR Compliance: Specific provisions relating to personal data handling and GDPR requirements

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

9. Return or Destruction of Confidential Information: Procedures for handling confidential information upon termination or request

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

11. Survival of Obligations: Specification of obligations that continue after termination

12. Governing Law and Jurisdiction: Confirmation of Austrian law governance and jurisdiction for disputes

13. Entire Agreement: Standard boilerplate confirming this is the complete agreement between parties

14. Execution: Signature blocks and execution details

Optional Sections

1. Intellectual Property Rights: Additional provisions regarding IP rights when the confidential information includes patents, trademarks, or other IP - include when IP is specifically involved

2. Non-Solicitation: Prevents parties from soliciting each other's employees or clients - include when business relationship involves exposure to key personnel or clients

3. Specific Project References: Details about specific projects or transactions - include when NDA is project-specific

4. International Transfer of Data: Provisions for international data transfers - include when parties are from different countries or data will cross borders

5. Competitive Restrictions: Additional provisions preventing competitive activities - include when sharing particularly sensitive market information

6. Force Majeure: Provisions for unforeseeable circumstances - include when long-term collaboration is expected

7. Insurance Requirements: Specific insurance requirements for handling confidential information - include when dealing with highly sensitive or valuable information

Suggested Schedules

1. Schedule 1 - Designated Representatives: List of authorized representatives from each party who will handle confidential information

2. Schedule 2 - Security Protocols: Detailed security measures and protocols for handling confidential information

3. Schedule 3 - Specific Types of Confidential Information: Detailed categorization of different types of confidential information covered

4. Appendix A - Form of Confidentiality Undertaking: Template for confidentiality undertaking to be signed by employees or third parties

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Technology

Manufacturing

Healthcare

Financial Services

Professional Services

Research & Development

Biotechnology

Automotive

Energy

Telecommunications

Real Estate

Construction

Education

Pharmaceuticals

Consumer Goods

Industrial Equipment

Media & Entertainment

Software Development

Consulting

Retail

Relevant Teams

Legal

Business Development

Executive Leadership

Research and Development

Information Technology

Human Resources

Finance

Operations

Procurement

Strategy

Commercial

Innovation

Project Management

Investment

Corporate Development

Information Security

Risk Management

Compliance

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Legal Counsel

Business Development Manager

Chief Technology Officer

Research Director

Project Manager

Innovation Manager

Partnership Manager

Procurement Manager

Chief Financial Officer

Operations Director

Human Resources Director

Investment Manager

Commercial Director

Head of Strategy

Chief Information Officer

Head of Research

Managing Director

Contract Manager

Find the exact document you need

Nda (Technology)

Austrian law-governed NDA specifically designed for protecting technology-related confidential information and trade secrets.

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Let's create your Reciprocal Non Disclosure Agreement

Authors

Alex Denne

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