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Simple Confidentiality Agreement

Simple Confidentiality Agreement Template for Austria

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Key Requirements PROMPT example:

Simple Confidentiality Agreement

"I need a Simple Confidentiality Agreement for a technology startup sharing sensitive product development information with a potential investor, with special attention to protecting our intellectual property rights and including GDPR compliance provisions for any personal data that might be shared."

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Document background
This Simple Confidentiality Agreement is essential for businesses and individuals operating under Austrian jurisdiction who need to protect sensitive information during business discussions, negotiations, or ongoing business relationships. The document is typically used before sharing confidential information such as business plans, technical specifications, customer data, or trade secrets. It incorporates key requirements of Austrian law, including provisions from the Austrian Civil Code (ABGB) and Trade Secrets Act (UWG-neu), while also accounting for EU regulations such as GDPR where personal data is involved. This template is particularly suitable for straightforward business relationships where standard confidentiality protection is needed, as opposed to more complex scenarios requiring additional provisions.
Suggested Sections

1. Parties: Identification of the disclosing and receiving parties, including full legal names and addresses

2. Background: Brief context of why the agreement is being entered into and the relationship between the parties

3. Definitions: Definition of 'Confidential Information' and other key terms used in the agreement

4. Obligations of Confidentiality: Core confidentiality obligations, including use restrictions and protection standards

5. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees and advisors

6. Term and Survival: Duration of the agreement and which obligations survive termination

7. Return or Destruction of Confidential Information: Requirements for handling confidential information upon termination or request

8. Remedies: Available remedies in case of breach, including injunctive relief

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

Optional Sections

1. Data Protection Compliance: Additional section when confidential information includes personal data subject to GDPR

2. Non-Solicitation: Optional restrictions on soliciting employees or customers, if relevant to the business relationship

3. Non-Competition: Additional restrictions on competitive activities, if appropriate for the business context

4. Export Control: Required when confidential information may be subject to export control regulations

5. Intellectual Property Rights: Additional clarity on IP ownership and rights when confidential information includes IP

6. Corporate Group Sharing: Provisions for sharing within corporate groups, if one or both parties are part of larger organizations

Suggested Schedules

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

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

3. Schedule 3 - Security Measures: Specific security measures required for protecting the confidential information

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

alex.den.21@genieai.co
Relevant legal definitions

















Clauses






















Relevant Industries

Technology

Manufacturing

Professional Services

Healthcare

Financial Services

Retail

Real Estate

Construction

Education

Research & Development

Biotechnology

Energy

Telecommunications

Media & Entertainment

Consulting

Relevant Teams

Legal

Human Resources

Business Development

Research & Development

Procurement

Executive Leadership

Finance

Operations

Information Technology

Sales

Compliance

Corporate Development

Administrative

Relevant Roles

Chief Executive Officer

Legal Counsel

Business Development Manager

Project Manager

Human Resources Director

Chief Technology Officer

Procurement Manager

Research Director

Financial Controller

Operations Manager

Sales Director

Technical Lead

Investment Manager

Compliance Officer

Contract Administrator

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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