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Non Disclosure Agreement Parties Template for Austria

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Key Requirements PROMPT example:

Non Disclosure Agreement Parties

"I need a Non Disclosure Agreement Parties document under Austrian law for a technology startup sharing sensitive AI algorithms with a potential investor, with extra protection for our intellectual property and specific provisions for source code confidentiality."

Document background
This Non Disclosure Agreement Parties template is designed for use under Austrian law when two or more parties need to exchange confidential information while ensuring legal protection. It is particularly relevant for business negotiations, joint ventures, potential partnerships, or any situation requiring the sharing of sensitive business or technical information. The document incorporates requirements from Austrian legislation, including the Civil Code (ABGB) and Trade Secrets Act, while also accounting for EU regulations such as GDPR where applicable. This template is suitable for both domestic Austrian transactions and international dealings where Austrian law is chosen as the governing law. It provides comprehensive protection for various types of confidential information, from business strategies and technical data to customer information and trade secrets.
Suggested Sections

1. Parties: Identification of all contracting parties, including full legal names, registration numbers, and addresses

2. Background: Context of the agreement and the relationship between the parties

3. Definitions: Detailed definitions of key terms, especially 'Confidential Information', 'Permitted Purpose', and 'Representatives'

4. Confidentiality Obligations: Core obligations regarding the protection and non-disclosure of confidential information

5. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to representatives and when required by law

6. Security Measures: Required measures for protecting and securing confidential information

7. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination or request

8. Duration and Survival: Term of the agreement and provisions that survive termination

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

10. Governing Law and Jurisdiction: Specification of Austrian law as governing law and jurisdiction for disputes

11. Execution: Signature blocks and execution provisions

Optional Sections

1. Data Protection: Specific provisions for handling personal data under GDPR and Austrian DSG, required when confidential information includes personal data

2. Employee and Contractor Obligations: Additional provisions for ensuring compliance by employees and contractors, useful when parties will share information with their staff

3. Intellectual Property Rights: Provisions clarifying ownership and rights in confidential information, important when sharing technical or proprietary information

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

5. Competitive Activities: Restrictions on using information for competitive purposes, important in industry-specific contexts

6. Assignment and Succession: Rules for transferring rights and obligations, important for corporate parties

7. Prior Agreements: Relationship to existing confidentiality obligations, needed when parties have previous agreements

Suggested Schedules

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

2. Schedule 2 - Authorized Representatives: List of individuals or roles authorized to receive confidential information

3. Schedule 3 - Security Protocols: Specific security measures and protocols required for handling confidential information

4. Appendix A - Form of Representative Undertaking: Template confidentiality undertaking for representatives to sign

5. Appendix B - Data Processing Terms: Detailed data processing terms if required under GDPR

Authors

Alex Denne

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

Relevant legal definitions



























Clauses

























Relevant Industries

Technology

Manufacturing

Financial Services

Healthcare

Biotechnology

Professional Services

Research & Development

Education

Telecommunications

Energy

Real Estate

Construction

Software Development

Consulting

Retail

Relevant Teams

Legal

Business Development

Research & Development

Executive Leadership

Human Resources

Procurement

Sales

Information Technology

Finance

Operations

Compliance

Product Development

Corporate Strategy

Mergers & Acquisitions

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Legal Counsel

Business Development Manager

Project Manager

Research Director

Chief Technology Officer

Human Resources Director

Procurement Manager

Sales Director

Innovation Manager

Chief Financial Officer

Operations Manager

Contract Manager

Compliance Officer

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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