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Business Sale Non Disclosure Agreement
"I need a Business Sale Non Disclosure Agreement under Austrian law for the potential sale of my manufacturing company, with special emphasis on protecting trade secrets and including non-solicitation provisions for key employees for a 24-month period."
1. Parties: Identification of the disclosing party (typically the seller) and receiving party (typically the potential buyer), including full legal names, registration numbers, and addresses
2. Background: Context of the potential business sale and purpose of sharing confidential information
3. Definitions: Key terms including 'Confidential Information', 'Permitted Purpose', 'Representatives', 'Business', and 'Transaction'
4. Scope of Confidential Information: Detailed description of what constitutes confidential information in the context of the business sale
5. Confidentiality Obligations: Core obligations regarding the use, protection, and non-disclosure of confidential information
6. Permitted Disclosures: Circumstances under which confidential information may be shared with representatives and advisors
7. Security Measures: Required procedures and safeguards for protecting confidential information
8. Return or Destruction of Information: Obligations regarding the handling of confidential information if the transaction does not proceed
9. Duration of Obligations: Time period for which confidentiality obligations remain in effect
10. Breach and Remedies: Consequences of breach and available legal remedies including injunctive relief
11. General Provisions: Standard clauses including governing law, jurisdiction, and entire agreement
1. Non-Solicitation: Prevents approaching employees, customers, or suppliers; included when there's specific concern about potential poaching
2. Exclusivity Period: Prevents the seller from negotiating with other potential buyers for a specified period; included when buyer requires exclusivity
3. Data Protection Compliance: Specific GDPR and DSG compliance provisions; included when personal data is part of the confidential information
4. Press Announcements: Controls over public statements about the potential transaction; included for sensitive or high-profile deals
5. Non-Circumvention: Prevents direct approach to customers, suppliers, or partners; included when these relationships are particularly valuable
6. Costs: Allocation of costs related to the NDA and due diligence; included when significant costs are anticipated
7. Assignment: Rights to transfer the agreement; included when buyer might need to involve other group companies
1. Schedule 1 - Specified Confidential Information: Detailed list of specific categories or items of confidential information to be disclosed
2. Schedule 2 - Authorized Representatives: List of individuals or roles authorized to receive and handle confidential information
3. Schedule 3 - Security Protocols: Specific security measures and procedures required for handling confidential information
4. Schedule 4 - Excluded Information: List of information specifically excluded from confidentiality obligations
5. Appendix A - Form of Confidentiality Undertaking: Template confidentiality agreement for representatives and advisors to sign
Authors
Manufacturing
Technology
Retail
Professional Services
Healthcare
Financial Services
Real Estate
Hospitality
Construction
Energy
Telecommunications
Transportation and Logistics
Media and Entertainment
Agricultural
Pharmaceutical
Legal
Finance
Corporate Development
Mergers & Acquisitions
Executive Leadership
Risk and Compliance
Business Development
Strategy
Commercial
Company Secretariat
Chief Executive Officer
Chief Financial Officer
General Counsel
Corporate Development Director
Mergers & Acquisitions Manager
Business Development Director
Investment Director
Due Diligence Manager
Corporate Strategy Manager
Legal Counsel
Finance Director
Commercial Director
Risk Manager
Compliance Officer
Company Secretary
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