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Proprietary Information Agreement

Proprietary Information Agreement Template for Belgium

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Key Requirements PROMPT example:

Proprietary Information Agreement

"I need a Proprietary Information Agreement under Belgian law to protect our software development company's intellectual property while negotiating with potential investors, with specific provisions for protecting our source code and development methodologies."

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Document background
This Proprietary Information Agreement is essential for businesses and individuals operating under Belgian jurisdiction who need to protect sensitive information during business discussions, negotiations, or collaborative projects. The document is specifically designed to comply with Belgian legal requirements, including the Belgian Trade Secrets Act of 2018 and the Civil Code, while also incorporating EU-level protections such as GDPR where applicable. It is commonly used before entering into detailed business discussions, during due diligence processes, or when engaging with contractors, consultants, or potential business partners. The agreement covers various types of confidential information including trade secrets, technical know-how, business strategies, customer data, and intellectual property, providing comprehensive protection while facilitating necessary business communications.
Suggested Sections

1. Parties: Identification of all parties to the agreement, including full legal names, registration numbers, and registered addresses

2. Background: Context of the agreement and the relationship between the parties

3. Definitions: Detailed definitions of key terms, especially 'Confidential Information', 'Proprietary Information', 'Permitted Purpose', and 'Representatives'

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

5. Obligations of Confidentiality: Core confidentiality obligations, including duty of care, non-disclosure, and security measures

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

7. Protection Measures: Specific security measures required to protect the confidential information

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

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

10. General Provisions: Standard contractual provisions including governing law, jurisdiction, and entire agreement

Optional Sections

1. Data Protection Compliance: Specific provisions for GDPR compliance when confidential information includes personal data

2. Non-Competition: Restrictions on competitive activities, used when sharing sensitive business information

3. Non-Solicitation: Restrictions on soliciting employees or customers, included when parties have access to sensitive relationship information

4. Intellectual Property Rights: Specific provisions protecting IP rights when confidential information includes IP-sensitive material

5. Audit Rights: Right to audit compliance with confidentiality obligations, typically included for high-risk disclosures

6. Insurance Requirements: Obligations to maintain specific insurance coverage, included for high-value proprietary information

7. Security Breach Notification: Specific procedures for handling and reporting security breaches, important for sensitive data

Suggested Schedules

1. Schedule 1 - Categories of Confidential Information: Detailed list of types of confidential information covered by the agreement

2. Schedule 2 - Authorized Representatives: List of individuals authorized to receive and handle confidential information

3. Schedule 3 - Security Protocols: Specific security measures and protocols to be followed

4. Appendix A - Data Processing Terms: GDPR-compliant data processing terms when personal data is involved

5. Appendix B - Information Return/Destruction Certificate: Template certificate for confirming return or destruction of 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

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

Technology

Pharmaceutical

Biotechnology

Manufacturing

Financial Services

Professional Services

Research & Development

Healthcare

Telecommunications

Software Development

Industrial Engineering

Energy

Defense

Automotive

Chemical

Relevant Teams

Legal

Human Resources

Research and Development

Business Development

Executive Leadership

Procurement

Information Technology

Operations

Finance

Compliance

Innovation

Strategic Partnerships

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Legal Counsel

Business Development Manager

Research Director

Project Manager

Human Resources Director

Chief Technology Officer

Innovation Manager

Procurement Manager

Operations Director

Chief Financial Officer

Strategic Partnership Manager

Intellectual Property Manager

Compliance Officer

Industries
Belgian Civil Code (Code Civil/Burgerlijk Wetboek): Fundamental law governing contracts and obligations in Belgium, including basic principles of contract formation and enforcement
Belgian Trade Secrets Act of 2018: Implementation of EU Directive 2016/943 on trade secrets, defining trade secrets and providing legal framework for their protection
Belgian Data Protection Act of 2018: National implementation of GDPR, relevant for handling personal data in confidential information
EU General Data Protection Regulation (GDPR): Directly applicable EU regulation governing personal data protection, crucial for handling confidential information containing personal data
Belgian Code of Economic Law: Contains provisions on unfair competition and business practices, relevant for protecting proprietary information in commercial contexts
Belgian Criminal Code: Contains provisions on theft of trade secrets and industrial espionage, relevant for enforcement mechanisms
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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