The Due Diligence Access Agreement is essential in corporate transactions where one party needs to evaluate confidential information of another party. Common in mergers, acquisitions, and strategic investments, this agreement provides a framework for controlled access to sensitive business information while maintaining necessary confidentiality protections. Under U.S. law, it incorporates federal and state requirements for data protection, trade secrets, and confidentiality, making it a crucial document for managing risk in corporate transactions.
Due Diligence Access Agreement for the United Kingdom
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Key Requirements PROMPT example:
Due Diligence Access Agreement
"I need a Due Diligence Access Agreement for a tech startup allowing access to our virtual data room by a potential investor from March 2025, with strict protocols for handling source code and customer data."
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OR
1. Parties: Identification of parties entering into the agreement, including full legal names and addresses
2. Background: Context of the due diligence process and purpose of the agreement
3. Definitions: Key terms used throughout the agreement including Confidential Information, Permitted Purpose, and Representatives
4. Scope of Access: Details of what information and materials will be made available and the process for accessing them
5. Confidentiality Obligations: Core confidentiality provisions and handling of confidential information, including protection standards
6. Use Restrictions: Limitations on how the disclosed information may be used and restrictions on copying or reproduction
7. Term and Termination: Duration of agreement and circumstances for termination, including survival of obligations
1. Clean Room Procedures: Specific protocols for handling highly sensitive information in competitive situations
2. Data Protection Measures: Specific technical and organizational security measures for protecting sensitive data
3. Return of Materials: Procedures for returning or destroying confidential information after the agreement ends
4. Representatives and Advisors: Rules regarding who can access the information and requirements for third-party involvement
1. Schedule of Authorized Personnel: List of individuals authorized to access the confidential information
2. Data Room Rules: Specific procedures and protocols for accessing physical or virtual data rooms
3. Security Protocols: Detailed technical security requirements and procedures for handling information
4. Form of Confidentiality Undertaking: Template agreement for individual representatives to sign before accessing information
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