Confidentiality Agreement For Intellectual Property Template for Indonesia

The Confidentiality Agreement For Intellectual Property is essential for businesses and organizations operating in Indonesia who need to protect their intellectual property and confidential information during business negotiations, collaborative projects, or information sharing arrangements. This document becomes particularly crucial when parties need to disclose sensitive IP-related information such as inventions, proprietary processes, software code, research data, or business methods. It ensures compliance with Indonesian IP protection laws, including Law No. 30 of 2000 on Trade Secrets, Law No. 13 of 2016 on Patents, and other relevant legislation. The agreement is commonly used in technology transfers, joint ventures, research collaborations, and potential business partnerships where intellectual property forms a core component of the discussion or transaction.

1. Parties: Identification of the disclosing and receiving parties, including their legal names, addresses, and company registration details as per Indonesian requirements

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

3. Definitions: Clear definitions of key terms including 'Confidential Information', 'Intellectual Property Rights', 'Trade Secrets', and other relevant terms

4. Scope of Confidential Information: Detailed description of what constitutes confidential information, particularly focusing on IP-related elements

5. Obligations of Receiving Party: Core confidentiality obligations, including storage, handling, and protection of confidential information

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees and professional advisors

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

8. Intellectual Property Rights: Confirmation that IP rights remain with the disclosing party and conditions for any licensed use

9. Term and Termination: Duration of the agreement and circumstances for termination

10. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination

11. Breach and Remedies: Consequences of breach and available legal remedies under Indonesian law

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