This Reciprocal Confidentiality Agreement is essential for situations where two parties need to share sensitive information during business discussions, negotiations, or collaborative projects in Indonesia. It provides mutual protection for both parties' confidential information, including but not limited to trade secrets, technical data, business strategies, and proprietary information. The agreement is structured to comply with Indonesian law, particularly Law No. 30 of 2000 on Trade Secrets and related regulations. It's commonly used in joint venture discussions, technology transfers, business partnerships, and other scenarios requiring bilateral information exchange. The document includes specific provisions required under Indonesian law while incorporating international best practices for confidentiality protection.
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1. Parties: Identification of both parties entering into the confidentiality agreement
2. Background: Context of the agreement and purpose of information sharing
3. Definitions: Define key terms including 'Confidential Information', 'Representatives', 'Permitted Purpose'
4. Confidentiality Obligations: Core obligations regarding protection and non-disclosure of confidential information
5. Permitted Disclosures: Circumstances under which confidential information may be disclosed
6. Security Measures: Required measures to protect confidential information
7. Return or Destruction: Obligations regarding return or destruction of confidential information upon termination
8. Term and Termination: Duration of the agreement and termination provisions
9. Breach and Remedies: Consequences of breach and available remedies
10. General Provisions: Standard boilerplate clauses including governing law, jurisdiction, entire agreement
1. Intellectual Property Rights: Clarification of IP ownership and rights - include when sharing involves IP-sensitive materials
2. Non-Solicitation: Prevents parties from soliciting each other's employees - include when parties will have significant exposure to each other's personnel
3. Data Protection: Specific provisions for handling personal data - include when confidential information includes personal data
4. Export Control: Compliance with export control laws - include for international arrangements or tech transfers
5. Residual Knowledge: Treatment of knowledge retained in memory - include for technology or consulting relationships
1. Schedule 1 - Permitted Purpose: Detailed description of the specific purpose for which confidential information may be used
2. Schedule 2 - Authorized Representatives: List of individuals authorized to receive confidential information
3. Schedule 3 - Security Protocols: Specific security measures and protocols to be followed
4. Appendix A - Categories of Confidential Information: Detailed list of types of confidential information covered
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Relevant Industries
Technology
Manufacturing
Healthcare
Financial Services
Professional Services
Research & Development
Energy
Telecommunications
Pharmaceuticals
Industrial
Education
Software Development
Relevant Teams
Legal
Business Development
Executive Leadership
Research & Development
Operations
Finance
Procurement
Strategy
Innovation
Partnerships
Compliance
Information Technology
Product Development
Relevant Roles
Chief Executive Officer
Chief Legal Officer
Legal Counsel
Business Development Manager
Chief Technology Officer
Project Manager
Research Director
Head of Operations
Chief Financial Officer
Procurement Manager
Strategy Director
Innovation Manager
Partnership Manager
Compliance Officer
Contract Manager
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