Bilateral Confidentiality Agreement Template for Indonesia

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Key Requirements PROMPT example:

Bilateral Confidentiality Agreement

"I need a Bilateral Confidentiality Agreement for a potential joint venture between my Indonesian technology company and a Singapore-based AI research firm, with specific provisions for protecting AI algorithms and research data, to be effective from March 2025."

Document background

This Bilateral Confidentiality Agreement template is designed for use when two parties need to share sensitive information while ensuring legal protection under Indonesian law. It is particularly relevant for business negotiations, joint ventures, potential partnerships, or any situation requiring mutual exchange of confidential information. The agreement complies with Indonesian legal requirements, including the Civil Code (Kitab Undang-undang Hukum Perdata), Law No. 30 of 2000 on Trade Secrets, and Law No. 27 of 2022 on Personal Data Protection. It provides comprehensive protection for various types of confidential information, including trade secrets, proprietary information, technical data, business strategies, and personal data, while ensuring mutual obligations and remedies for both parties.

Suggested Sections

1. Parties: Identification of the parties entering into the agreement, including their full legal names, addresses, and company registration details as required under Indonesian law

2. Background: Context of the agreement, including the purpose of sharing confidential information and the nature of the parties' relationship

3. Definitions: Clear definitions of key terms, particularly 'Confidential Information', 'Authorized Recipients', 'Purpose', and other relevant terms

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

5. Confidentiality Obligations: Core obligations regarding the protection, use, and non-disclosure of confidential information

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed to authorized recipients

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

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

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

10. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction for disputes

11. General Provisions: Standard provisions including entire agreement, amendments, and severability

Optional Sections

1. Intellectual Property Rights: Section clarifying ownership and protection of IP rights when confidential information includes IP-protected materials

2. Personal Data Protection: Additional provisions when confidential information includes personal data, ensuring compliance with Law No. 27 of 2022

3. Electronic Information Handling: Specific provisions for electronic storage and transmission of confidential information, relevant when information is primarily shared digitally

4. Non-Solicitation: Provisions preventing parties from soliciting each other's employees or customers, useful in business contexts

5. Audit Rights: Rights to audit compliance with confidentiality obligations, typically included in high-security or regulated industry contexts

6. Insurance Requirements: Obligations to maintain specific insurance coverage, relevant in high-value or high-risk situations

7. Publicity Restrictions: Additional restrictions on public announcements or marketing related to the relationship

Suggested Schedules

1. Schedule 1 - Authorized Recipients: List of individuals or roles authorized to receive 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 confidentiality undertaking for authorized recipients to sign

5. Appendix B - Data Destruction Certificate: Template 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

alex.den.21@genieai.co

Relevant legal definitions

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Technology

Manufacturing

Healthcare

Financial Services

Professional Services

Education

Research & Development

Retail

Energy

Telecommunications

Mining

Agriculture

Pharmaceutical

Construction

Media & Entertainment

Relevant Teams

Legal

Business Development

Research and Development

Human Resources

Executive Leadership

Information Technology

Operations

Finance

Procurement

Intellectual Property

Commercial

Risk Management

Strategy

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Relevant Roles

Chief Executive Officer

Legal Counsel

Business Development Manager

Chief Technology Officer

Research Director

Project Manager

Human Resources Director

Chief Financial Officer

Operations Manager

Procurement Manager

Intellectual Property Manager

Strategic Partnership Director

Innovation Manager

Commercial Director

Risk Management Officer

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