Secret Agreement Template for Austria

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Key Requirements PROMPT example:

Secret Agreement

"I need a Secret Agreement governed by Austrian law for sharing AI technology development information with a research partner, starting March 2025, with special attention to data protection and research IP ownership."

Document background
A Secret Agreement is essential in business contexts where parties need to share confidential information while ensuring its protection under Austrian law. This document type is commonly used during business negotiations, joint ventures, research collaborations, or any situation where proprietary information, trade secrets, or sensitive data need to be disclosed to another party. The agreement's importance has increased with the rise of digital information sharing and stricter data protection requirements under both Austrian and EU law. It provides a legal framework for defining what constitutes confidential information, establishing handling procedures, and setting out consequences for unauthorized disclosure. The Secret Agreement is particularly crucial in Austria's business environment, where it must comply with both local commercial law requirements and EU regulations, especially regarding data protection and trade secrets.
Suggested Sections

1. Parties: Identification of the contracting parties with appropriate anonymization protocols if required

2. Background: Context of the agreement and general purpose, written in a way that doesn't compromise sensitive information

3. Definitions: Detailed definitions of terms, particularly 'Confidential Information', 'Authorized Persons', and 'Permitted Purpose'

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

5. Confidentiality Obligations: Core obligations regarding the handling, storage, and protection of confidential information

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed and to whom

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

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

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

10. Breach and Remedies: Consequences of breach and available remedies including injunctive relief

11. Governing Law and Jurisdiction: Specification of Austrian law and jurisdiction provisions

Optional Sections

1. Non-Competition: Used when the secret agreement needs to include non-compete provisions

2. Employee and Contractor Obligations: Include when confidential information will be accessed by employees or contractors

3. Digital Security Protocols: Required when confidential information is stored or transmitted electronically

4. Audit Rights: Optional provision allowing audits of compliance with confidentiality obligations

5. Insurance Requirements: Include when specific insurance coverage for data breaches is required

6. Public Disclosure Protocols: Used when there's potential for mandatory public disclosures

7. Assignment and Succession: Include when transfer of rights needs to be specifically restricted

Suggested Schedules

1. Schedule A - Detailed Description of Confidential Information: Comprehensive list and description of all information deemed confidential

2. Schedule B - Authorized Personnel: List of individuals authorized to access the confidential information

3. Schedule C - Security Protocols: Detailed technical and organizational security measures

4. Schedule D - Destruction Certificates: Template certificates for confirming destruction of confidential information

5. Schedule E - Disclosure Log: Template for recording all permitted disclosures of confidential information

6. Appendix 1 - Contact Details: Contact information for key personnel and emergency contacts

7. Appendix 2 - Non-Disclosure Agreements: Template NDAs for authorized personnel and 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

Relevant legal definitions
Clauses
Relevant Industries

Technology and Software

Research and Development

Manufacturing

Pharmaceuticals and Healthcare

Financial Services

Professional Services

Energy and Resources

Telecommunications

Biotechnology

Industrial Design

Defense and Security

Media and Entertainment

Relevant Teams

Legal

Compliance

Research and Development

Information Security

Executive Leadership

Business Development

Information Technology

Intellectual Property

Corporate Strategy

Risk Management

Data Protection

Commercial Operations

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Legal Counsel

Compliance Officer

Research Director

Business Development Manager

Project Manager

Chief Technology Officer

Innovation Manager

Intellectual Property Manager

Chief Information Security Officer

Data Protection Officer

Head of Research and Development

Chief Commercial Officer

Contract Manager

Strategic Partnership Director

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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