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This Two Way NDA template is designed for situations where two parties need to share confidential information with each other while ensuring mutual protection under Austrian law. It is particularly useful for business negotiations, joint ventures, potential partnerships, or any scenario requiring bilateral exchange of sensitive information. The document incorporates requirements from the Austrian Trade Secret Act, Data Protection Act, and Civil Code, making it suitable for both domestic Austrian use and international business relationships where Austrian law governs. The agreement covers definition of confidential information, mutual obligations, security measures, permitted disclosures, and remedies available under Austrian jurisdiction. It is structured to provide equal protection to both parties while maintaining clarity and enforceability.

1. Parties: Identification of both parties entering into the NDA, including full legal names, registration numbers, and registered addresses

2. Background: Brief context of why the parties are entering into the NDA and the nature of their potential business relationship

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

4. Confidentiality Obligations: Core mutual obligations regarding the protection, non-disclosure, and restricted use 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: Specific measures required to protect confidential information, aligned with Austrian Trade Secret Act requirements

7. Return or Destruction: Obligations regarding the return or destruction of confidential information upon agreement termination or request

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

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

10. General Provisions: Standard clauses including governing law, jurisdiction, entire agreement, and amendments