Confidentiality Release Form

Confidentiality Release Form Template for Austria

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Key Requirements PROMPT example:

"I need a Confidentiality Release Form under Austrian law for our senior software developer who is leaving to join a competitor on March 1, 2025, releasing them from confidentiality obligations except for specific trade secrets related to our AI algorithms."

Document background

The Confidentiality Release Form is essential in business scenarios where parties need to be formally released from existing confidentiality obligations under Austrian law. This document is typically used when circumstances change in business relationships, during mergers and acquisitions, when employees transition between companies, or when confidential information needs to be disclosed to third parties. The form ensures compliance with Austrian civil law requirements and EU regulations, particularly the GDPR when personal data is involved. It provides legal certainty by clearly defining the scope of information being released, while potentially maintaining confidentiality for other information not covered by the release. The document is crucial for risk management and legal compliance in business operations where confidential information needs to be shared or released.

Suggested Sections

1. Parties: Identification of the party releasing confidential information and the party being released from confidentiality obligations

2. Background: Brief context of the existing confidentiality obligations and reason for the release

3. Definitions: Key terms including 'Confidential Information', 'Release Date', and scope of release

4. Scope of Release: Detailed description of what confidential information is being released from confidentiality obligations

5. Duration and Effect: Timeline of the release (immediate/future date) and whether it's temporary or permanent

6. Remaining Obligations: Specification of any confidentiality obligations that remain in effect

7. Declarations and Warranties: Statements confirming authority to grant release and understanding of consequences

8. Governing Law: Confirmation of Austrian law as governing law and jurisdiction

Optional Sections

1. Third Party Rights: Include when the confidential information involves or affects third party rights

2. Data Protection Provisions: Include when the confidential information contains personal data under GDPR

3. Limited Purpose: Include when the release is granted for specific purposes only

4. Revocation Rights: Include when the release can be revoked under certain conditions

5. Indemnification: Include when one party needs to be protected against claims arising from the release

Suggested Schedules

1. Schedule 1 - Specified Confidential Information: Detailed list or description of the specific confidential information being released

2. Schedule 2 - Related Agreements: List of agreements containing the confidentiality obligations being released

3. Appendix A - Consent Forms: Any additional consent forms required from affected individuals (if personal data is involved)

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

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Technology and Software

Financial Services

Professional Services

Healthcare

Manufacturing

Research and Development

Pharmaceuticals

Energy

Telecommunications

Media and Entertainment

Legal Services

Consulting

Relevant Teams

Legal

Compliance

Human Resources

Executive Leadership

Information Security

Risk Management

Corporate Governance

Business Development

Research and Development

Operations

Finance

Information Technology

Relevant Roles

Legal Counsel

Privacy Officer

Compliance Manager

Human Resources Director

Chief Executive Officer

Chief Financial Officer

Business Development Manager

Project Manager

Research Director

Information Security Officer

Risk Manager

Corporate Secretary

Operations Director

Chief Technology Officer

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