Document background
The Non-Disclosure Letter is a critical business document used when parties need to share sensitive information while maintaining confidentiality during initial business discussions, due diligence processes, or preliminary negotiations. This document type, governed by Austrian law, provides a more streamlined alternative to a full non-disclosure agreement while still offering robust legal protection. It incorporates key elements of Austrian civil law, trade secret protection regulations, and where applicable, data protection requirements under both Austrian law and the GDPR. The letter format is particularly suitable for situations requiring quick implementation of confidentiality obligations or when parties prefer a less formal approach than a full agreement. Common scenarios include business partnerships, potential investments, consultancy engagements, or preliminary project discussions.
