Due Diligence NDA Template for Ireland

A comprehensive non-disclosure agreement specifically designed for due diligence processes under Irish law. This document establishes confidentiality obligations between parties during the evaluation of a potential transaction, ensuring protection of sensitive business information while complying with Irish data protection regulations and trade secrets legislation. It includes provisions for information handling, permitted disclosures, and post-review obligations, with specific consideration for Irish legal requirements and enforcement mechanisms.

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What is a Due Diligence NDA?

This Due Diligence NDA is essential for protecting confidential information during corporate transactions under Irish law. It should be used when one party needs to disclose sensitive business information to another party for evaluation purposes, typically in mergers, acquisitions, investments, or significant commercial arrangements. The document ensures compliance with Irish data protection laws, including GDPR implementation, and the European Union (Protection of Trade Secrets) Regulations 2018. It includes specific provisions for handling commercial secrets, financial data, customer information, and intellectual property, while establishing clear protocols for information access, storage, and eventual return or destruction.

What sections should be included in a Due Diligence NDA?

1. Parties: Identification of the disclosing party, receiving party, and any relevant affiliated entities

2. Background: Context of the due diligence process and purpose of the agreement

3. Definitions: Key terms including Confidential Information, Permitted Purpose, Representatives, and Affiliated Entities

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

5. Permitted Disclosures: Circumstances under which confidential information may be disclosed to representatives and advisors

6. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information after the due diligence process

7. Duration and Survival: Term of the agreement and surviving obligations

8. No Rights or Licenses: Clarification that no intellectual property rights are transferred

9. Remedies: Available remedies in case of breach, including injunctive relief

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

What sections are optional to include in a Due Diligence NDA?

1. Data Protection Compliance: Specific provisions for GDPR compliance when personal data is involved

2. Inside Information: Special provisions for handling market-sensitive information if either party is publicly traded

3. Non-Solicitation: Restrictions on soliciting employees or customers, if relevant to the transaction

4. Standstill Provisions: Restrictions on acquiring shares or assets during the due diligence process

5. Anti-Trust Compliance: Specific provisions for handling competitively sensitive information

6. Clean Team Arrangements: Procedures for restricted access to highly sensitive commercial information

What schedules should be included in a Due Diligence NDA?

1. Schedule 1 - Scope of Due Diligence: Detailed description of the areas covered by the due diligence investigation

2. Schedule 2 - Authorized Representatives: List of individuals authorized to access confidential information

3. Schedule 3 - Security Protocols: Specific procedures for handling and storing confidential information

4. Schedule 4 - Data Room Rules: Procedures and rules for accessing and using the virtual data room

5. Appendix A - Form of Confidentiality Undertaking: Template confidentiality undertaking for representatives and advisors

Authors

Alex Denne

Advisor @ GenieAI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Ireland

Publisher

GenieAI

Document Type

Cost

Free to use

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