NDA Product Design Template for New Zealand

This Product Design NDA template is specifically crafted for use in New Zealand business environments where parties need to share sensitive information relating to product design, development, and innovation. The agreement is particularly suitable when parties need to exchange confidential information about product specifications, prototypes, technical drawings, manufacturing processes, and related intellectual property. It's structured to comply with New Zealand law, including the Contract and Commercial Law Act 2017 and Designs Act 1953, providing comprehensive protection for both disclosing and receiving parties. This NDA Product Design template is essential for businesses engaging in product development partnerships, design consultancy services, or manufacturing collaborations where proprietary design information needs to be protected.

1. Parties: Identification of the parties entering into the NDA, including their legal names, addresses, and company details

2. Background: Context of the agreement, including the purpose of sharing confidential product design information

3. Definitions: Key terms including 'Confidential Information', 'Product Design', 'Prototypes', 'Technical Documentation', and 'Intellectual Property Rights'

4. Scope of Confidential Information: Detailed description of what constitutes confidential information in the context of product design

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

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed to employees, contractors, or other authorized parties

7. Information Security Measures: Specific measures required to protect confidential information, including digital security and physical protections

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

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

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

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

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