This Bilateral NDA template is designed for situations where two parties need to share confidential information with each other while ensuring mutual protection under Danish law. The agreement is commonly used during business negotiations, due diligence processes, joint ventures, or potential partnerships where both parties need to disclose sensitive information. It includes provisions compliant with Danish legislation, including the Trade Secrets Act (Lov om forretningshemmeligheder) and, where applicable, GDPR requirements. The document is structured to provide equal obligations and rights to both parties, making it suitable for balanced business relationships where trust and confidentiality are essential. This template is particularly valuable for both Danish domestic transactions and international business relationships involving Danish entities.
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Key Requirements PROMPT example:
Bilateral NDA
I need a Bilateral NDA under Danish law for a potential joint venture between my tech startup and a manufacturing company, with specific provisions for protecting software source code and manufacturing processes, to be effective from March 1, 2025.
1. Parties: Identification and details of both parties entering into the NDA
2. Background: Context of the agreement and purpose for sharing confidential information
3. Definitions: Key terms including 'Confidential Information', 'Permitted Purpose', 'Representatives', and other relevant definitions
4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement
5. Confidentiality Obligations: Core obligations regarding protection and non-disclosure of confidential information
6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to representatives and by legal requirement
7. Security Measures: Required measures for protecting and securing confidential information
8. Term and Termination: Duration of the agreement and termination provisions
9. Return or Destruction of Confidential Information: Obligations regarding confidential information upon termination
10. Breach and Remedies: Consequences of breach and available remedies
11. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
12. Signatures: Execution blocks for both parties
1. Intellectual Property Rights: Section clarifying that no IP rights are transferred through the disclosure of confidential information. Include when IP-sensitive information is involved.
2. Data Protection: Specific provisions regarding personal data handling under GDPR. Include when personal data will be shared.
3. Non-Solicitation: Prevents parties from soliciting each other's employees. Include when employees will be exposed to the other party.
4. Publicity: Restrictions on public announcements about the relationship. Include for high-profile or sensitive relationships.
5. Assignment: Rules about transferring rights under the NDA. Include when parties might undergo corporate changes.
6. Prior Agreements: Supersession of previous NDAs. Include when parties have existing NDAs.
7. Severability: Provision for partial invalidity. Include in complex agreements or when dealing with multiple jurisdictions.
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 for handling confidential information
3. Schedule 3 - Authorized Representatives: List of individuals authorized to receive confidential information
4. Appendix A - Types of Confidential Information: Detailed categorization of confidential information covered by the agreement
Authors
Relevant legal definitions
Agreement
Confidential Information
Disclosing Party
Receiving Party
Permitted Purpose
Authorized Representatives
Affiliate
Business Day
Confidential Materials
Disclosing Group
Effective Date
Personal Data
Representatives
Trade Secret
Permitted Disclosure
Security Requirements
Working Hours
Intellectual Property Rights
Group Company
Confidentiality Period
Third Party
Data Protection Laws
GDPR
Controller
Processor
Confidential Information
Disclosing Party
Receiving Party
Permitted Purpose
Authorized Representatives
Affiliate
Business Day
Confidential Materials
Disclosing Group
Effective Date
Personal Data
Representatives
Trade Secret
Permitted Disclosure
Security Requirements
Working Hours
Intellectual Property Rights
Group Company
Confidentiality Period
Third Party
Data Protection Laws
GDPR
Controller
Processor
Clauses
Confidentiality
Non-Disclosure
Information Protection
Permitted Use
Return of Information
Data Protection
Trade Secrets
Term and Duration
Breach
Remedies
Indemnification
Governing Law
Jurisdiction
Notice
Assignment
Entire Agreement
Amendment
Severability
Counterparts
Force Majeure
Third Party Rights
Non-Solicitation
Waiver
Interpretation
Costs
Non-Disclosure
Information Protection
Permitted Use
Return of Information
Data Protection
Trade Secrets
Term and Duration
Breach
Remedies
Indemnification
Governing Law
Jurisdiction
Notice
Assignment
Entire Agreement
Amendment
Severability
Counterparts
Force Majeure
Third Party Rights
Non-Solicitation
Waiver
Interpretation
Costs
Relevant Industries
Technology
Manufacturing
Professional Services
Healthcare
Financial Services
Biotechnology
Research and Development
Real Estate
Energy
Retail
Telecommunications
Consulting
Education
Media and Entertainment
Software Development
Relevant Teams
Legal
Business Development
Executive Leadership
Human Resources
Research and Development
Operations
Procurement
Finance
Information Technology
Corporate Development
Sales
Strategy
Innovation
Compliance
Product Development
Relevant Roles
Chief Executive Officer
Chief Legal Officer
Legal Counsel
Business Development Manager
Project Manager
Research Director
Human Resources Director
Chief Technology Officer
Chief Financial Officer
Operations Manager
Procurement Manager
Investment Manager
Strategic Partnership Director
Innovation Manager
Sales Director
Corporate Development Manager
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