3 Way NDA Template for Denmark

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Key Requirements PROMPT example:

3 Way NDA

I need a Three Way NDA under Danish law for a joint technology development project between our software company, a hardware manufacturer, and a research institution, with specific provisions for protecting AI-related intellectual property and research data.

Document background
This Three Way NDA is designed for situations where three parties need to share confidential information in the context of business transactions, joint ventures, or collaborative projects under Danish law. The agreement is particularly useful for complex business arrangements where multiple parties need to exchange sensitive information while ensuring legal protection under Danish jurisdiction. It accommodates various scenarios such as M&A transactions, joint development projects, or multi-party service arrangements, incorporating provisions that comply with Danish legislation, including the Trade Secrets Act and data protection requirements. The document can be customized to reflect either mutual or unilateral confidentiality obligations, depending on the nature of the information flow between the parties.
Suggested Sections

1. Parties: Identification and details of all three parties to the agreement

2. Background: Context of the relationship between the parties and purpose of the NDA

3. Definitions: Definitions of key terms, including 'Confidential Information', 'Permitted Purpose', 'Representatives', etc.

4. Scope of Confidentiality: Define what constitutes confidential information and how it is marked/identified

5. Confidentiality Obligations: Core obligations regarding use and protection of confidential information

6. Permitted Disclosures: Circumstances under which confidential information may be shared

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

8. Return or Destruction of Information: Obligations regarding confidential information upon termination

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

10. Survival: Obligations that continue after termination

11. Breach and Remedies: Consequences of breach and available remedies

12. General Provisions: Standard provisions including notices, amendments, governing law, etc.

13. Execution: Signature blocks for all three parties

Optional Sections

1. Mutual vs. Unilateral Obligations: Additional section when parties have different confidentiality obligations

2. Data Protection Compliance: Required when confidential information includes personal data under GDPR

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

4. Competitive Restrictions: Optional restrictions on competitive activities, if relevant

5. Third Party Rights: Required when rights need to be extended to affiliates or other third parties

6. Insurance Requirements: Optional section requiring specific insurance coverage for information security

7. Dispute Resolution: Optional detailed dispute resolution procedures beyond standard court jurisdiction

Suggested Schedules

1. Schedule 1 - Specified Purpose: Detailed description of the permitted purpose for information sharing

2. Schedule 2 - Security Requirements: Specific security measures and protocols required

3. Schedule 3 - Authorized Representatives: List of authorized representatives for each party

4. Schedule 4 - Information Handling Procedures: Detailed procedures for marking, storing, and transmitting confidential information

5. Schedule 5 - Notice Requirements: Specific requirements and contact details for notices

6. Appendix A - Confidential Information Categories: Categories of confidential information covered by the agreement

7. Appendix B - Destruction Certificate: Form of certificate confirming 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

Relevant legal definitions
Relevant Industries

Technology

Manufacturing

Healthcare

Financial Services

Professional Services

Biotechnology

Pharmaceuticals

Energy

Telecommunications

Real Estate

Construction

Automotive

Aerospace

Research & Development

Consumer Goods

Media & Entertainment

Relevant Teams

Legal

Compliance

Information Security

Research & Development

Business Development

Corporate Development

Procurement

Executive Leadership

Risk Management

Information Technology

Data Protection

Strategic Partnerships

Mergers & Acquisitions

Innovation

Relevant Roles

Chief Executive Officer

Chief Legal Officer

General Counsel

Legal Director

Contract Manager

Business Development Manager

Project Manager

Chief Technology Officer

Research Director

Innovation Manager

Chief Financial Officer

Merger & Acquisition Manager

Compliance Officer

Information Security Officer

Data Protection Officer

Procurement Manager

Strategic Partnership 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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