Confidentiality Agreement Terms for New Zealand

Confidentiality Agreement Terms Template for New Zealand

A comprehensive confidentiality agreement template designed under New Zealand law to protect confidential information, trade secrets, and proprietary data. This document establishes legally binding obligations for receiving parties to maintain the confidentiality of disclosed information, incorporating key provisions required under New Zealand's Contract and Commercial Law Act 2017 and Privacy Act 2020. The agreement includes robust protection mechanisms, clear definitions of confidential information, permitted uses, and specific remedies for breach, while remaining flexible enough to be customized for various business relationships and contexts.

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What is a Confidentiality Agreement Terms?

These Confidentiality Agreement Terms are essential for businesses and individuals operating under New Zealand law who need to protect sensitive information during business dealings, negotiations, or employment relationships. The document is designed to create legally binding confidentiality obligations while complying with New Zealand's legal framework, including the Contract and Commercial Law Act 2017 and Privacy Act 2020. It's particularly valuable when sharing trade secrets, business strategies, technical information, or other proprietary data with potential business partners, employees, or service providers. The agreement includes comprehensive provisions for defining confidential information, establishing security measures, and outlining consequences of breach, making it suitable for various commercial and professional contexts.

What sections should be included in a Confidentiality Agreement Terms?

1. Parties: Identification of all parties to the agreement, including full legal names and addresses

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

3. Definitions: Detailed definitions of key terms, especially 'Confidential Information', 'Permitted Purpose', 'Representatives', and 'Breach'

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

5. Obligations of Confidentiality: Core confidentiality obligations, including non-disclosure, non-use, and security measures

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees, advisors, or as required by law

7. Security Measures: Specific measures required to protect confidential information

8. Return or Destruction of Information: Requirements for handling confidential information upon termination or request

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

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

11. General Provisions: Standard contractual provisions including governing law, jurisdiction, and entire agreement

What sections are optional to include in a Confidentiality Agreement Terms?

1. Intellectual Property Rights: Section clarifying ownership and protection of IP rights when confidential information includes intellectual property

2. Data Protection Compliance: Specific provisions relating to compliance with privacy laws when personal information is involved

3. Non-Competition: Restrictions on competitive activities, used when confidential information could provide competitive advantage

4. Non-Solicitation: Restrictions on soliciting employees or customers, relevant in business relationship contexts

5. Publicity and Announcements: Controls on public statements about the relationship, important for commercial relationships

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

7. Audit Rights: Rights to audit compliance with the agreement, important for highly sensitive information

What schedules should be included in a Confidentiality Agreement Terms?

1. Schedule 1 - Description of Confidential Information: Detailed list or categories of confidential information covered by the agreement

2. Schedule 2 - Authorized Representatives: List of individuals authorized to receive and handle confidential information

3. Schedule 3 - Security Protocols: Specific security measures and protocols required for protecting the confidential information

4. Appendix A - Form of Confidentiality Undertaking: Template confidentiality undertaking for representatives or third parties who need access to the 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

Jurisdiction

New Zealand

Publisher

Genie AI

Cost

Free to use
Relevant Industries

Technology

Healthcare

Financial Services

Manufacturing

Professional Services

Research and Development

Education

Retail

Real Estate

Construction

Media and Entertainment

Biotechnology

Energy

Telecommunications

Legal Services

Relevant Teams

Legal

Human Resources

Executive Leadership

Business Development

Research and Development

Information Technology

Finance

Operations

Procurement

Corporate Development

Risk Management

Information Security

Innovation

Administrative

Relevant Roles

Chief Executive Officer

Legal Counsel

Human Resources Manager

Business Development Manager

Project Manager

Research Director

Chief Technology Officer

Chief Financial Officer

Operations Manager

Procurement Manager

Investment Manager

Contract Administrator

Information Security Officer

Innovation Manager

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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