Perpetual Nda for New Zealand

Perpetual Nda Template for New Zealand

A comprehensive non-disclosure agreement (NDA) governed by New Zealand law that establishes perpetual confidentiality obligations between parties. This document provides robust protection for confidential information without a temporal limitation, ensuring that sensitive business information, trade secrets, and proprietary data remain protected indefinitely. The agreement incorporates key provisions from New Zealand's Contract and Commercial Law Act 2017 and Privacy Act 2020, making it particularly suitable for long-term business relationships, strategic partnerships, or situations involving highly sensitive intellectual property.

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What is a Perpetual Nda?

This Perpetual NDA template is designed for use in situations where parties need to ensure permanent protection of confidential information under New Zealand law. It is particularly suitable for scenarios involving trade secrets, proprietary technology, or sensitive business information that requires indefinite protection. The document addresses requirements under New Zealand's Contract and Commercial Law Act 2017 and Privacy Act 2020, making it appropriate for both domestic and international business relationships. Common use cases include strategic partnerships, joint ventures, employee relationships, and business sales processes where the disclosed information retains its value indefinitely. The agreement includes comprehensive definitions of confidential information, strict non-disclosure obligations, and detailed provisions for information handling and security.

What sections should be included in a Perpetual Nda?

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

2. Background: Context of the agreement, purpose of sharing confidential information, and nature of the business relationship

3. Definitions: Defines key terms including 'Confidential Information', 'Permitted Purpose', 'Representatives', and other relevant terms

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. Protection and Security: Measures required to protect and secure confidential information

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

9. Duration and Survival: Establishes the perpetual nature of the obligations

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

What sections are optional to include in a Perpetual Nda?

1. Intellectual Property Rights: Section clarifying ownership and rights in intellectual property, used when confidential information includes IP

2. Data Protection: Specific provisions relating to personal data protection, used when personal data is involved

3. Non-Competition: Restrictions on competitive activities, used when there's a business relationship context

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

5. Dispute Resolution: Detailed dispute resolution procedures, used for high-value or complex relationships

6. Insurance Requirements: Insurance obligations, used when handling particularly sensitive or valuable information

What schedules should be included in a Perpetual Nda?

1. Schedule 1 - Specified Confidential Information: Detailed list or categories of confidential information covered

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 to be followed

4. Appendix A - Form of Confidentiality Undertaking: Template confidentiality undertaking for representatives/employees

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

Manufacturing

Healthcare

Financial Services

Professional Services

Research & Development

Biotechnology

Energy

Telecommunications

Real Estate

Education

Retail

Media & Entertainment

Relevant Teams

Legal

Human Resources

Executive Leadership

Research & Development

Business Development

Operations

Finance

Information Technology

Procurement

Strategic Planning

Mergers & Acquisitions

Product Development

Relevant Roles

Chief Executive Officer

Chief Technology Officer

Legal Counsel

Human Resources Director

Business Development Manager

Research Director

Project Manager

Investment Manager

Operations Director

Product Manager

Chief Financial Officer

Procurement Manager

Strategic Partnership Manager

Merger & Acquisition Specialist

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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