NDA For Product Design Template for New Zealand

This NDA For Product Design is essential when parties need to share sensitive product design information while maintaining confidentiality and protecting intellectual property rights under New Zealand law. The document is particularly relevant for situations where product designs, technical specifications, prototypes, or manufacturing processes need to be shared between parties during product development, consultation, or manufacturing discussions. It includes specific provisions tailored to protect various aspects of product design, from initial concepts to final manufacturing specifications, while ensuring compliance with New Zealand's legal framework, including the Contract and Commercial Law Act 2017, Designs Act 1953, and relevant intellectual property legislation. The agreement is structured to protect both physical and digital design assets, making it suitable for modern product development processes.

1. Parties: Identification of the disclosing party (typically the design company/client) and receiving party (typically the contractor/designer), including full legal names and addresses

2. Background: Context of the agreement, explaining the purpose of sharing confidential information related to the product design project

3. Definitions: Key terms including 'Confidential Information', 'Product Design', 'Intellectual Property Rights', 'Design Materials', and other relevant terminology

4. Scope of Confidential Information: Detailed description of what constitutes confidential information in the context of product design, including drawings, specifications, prototypes, and manufacturing processes

5. Obligations of Confidentiality: Core confidentiality obligations, including use restrictions, security measures, and standard of care

6. Permitted Disclosures: Circumstances under which confidential information may be shared with employees, contractors, or advisors

7. Intellectual Property Rights: Confirmation that all IP rights remain with the disclosing party and no rights are transferred

8. Return or Destruction of Confidential Information: Requirements for handling confidential information upon project completion or termination

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

10. Breach and Remedies: Consequences of breach and available remedies including injunctive relief