This Mutual Confidentiality And Non-Disclosure Agreement is essential for businesses operating in Hong Kong who need to protect sensitive information during business discussions, negotiations, or ongoing commercial relationships. The document is particularly relevant given Hong Kong's position as a major international business center and its robust legal framework for protecting confidential information. It incorporates provisions compliant with Hong Kong law, including the Personal Data (Privacy) Ordinance and common law principles, while addressing specific requirements for different industries and business relationships. The agreement is suitable for various scenarios, from preliminary business discussions to long-term strategic partnerships, and includes comprehensive provisions for protecting trade secrets, intellectual property, and other confidential business information.
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1. Parties: Identifies and defines the parties entering into the agreement, including their registered addresses and company numbers if applicable
2. Background: Sets out the context and purpose of the agreement, including the nature of the business relationship between the parties
3. Definitions: Defines key terms used throughout the agreement, particularly 'Confidential Information', 'Representatives', and 'Permitted Purpose'
4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement
5. Obligations of Confidentiality: Core obligations regarding the protection and non-disclosure of confidential information
6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees, advisors, or as required by law
7. Security Measures: Required procedures and safeguards for protecting confidential information
8. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination or request
9. Duration and Survival: Term of the agreement and which obligations survive termination
10. Breach and Remedies: Consequences of breach and available remedies including injunctive relief
11. General Provisions: Standard contractual provisions including governing law, jurisdiction, and entire agreement
1. Non-Solicitation: Prevents parties from soliciting each other's employees or clients, included when parties have access to sensitive relationship information
2. Non-Competition: Restricts competitive activities, included when sharing highly sensitive business information
3. Data Protection Compliance: Specific obligations regarding personal data handling, included when confidential information includes personal data
4. Intellectual Property Rights: Clarifies ownership and usage rights of IP within confidential information, included when IP is a significant concern
5. Export Control: Compliance with export control laws, included when information may be subject to international transfer restrictions
6. Force Majeure: Addresses circumstances preventing compliance, included in longer-term NDAs
7. Costs: Allocation of costs related to confidentiality measures, included when significant costs may be involved
1. Schedule 1 - Specified Confidential Information: Detailed list of specific documents, data, or information designated as confidential
2. Schedule 2 - Authorized Representatives: List of individuals authorized to receive and handle confidential information
3. Schedule 3 - Security Protocols: Specific security measures and procedures required for protecting confidential information
4. Schedule 4 - Permitted Purpose: Detailed description of the specific business purpose for which confidential information may be used
5. Appendix A - Form of Confidentiality Undertaking: Template confidentiality agreement for representatives or third parties who may receive confidential information
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