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Non Disclosure Agreement Proprietary Information

Non Disclosure Agreement Proprietary Information Template for India

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Key Requirements PROMPT example:

Non Disclosure Agreement Proprietary Information

"I need a Non Disclosure Agreement Proprietary Information for my technology startup in Bangalore, to be used with potential investors and strategic partners, with specific provisions for protecting our software source code and AI algorithms."

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Document background
This Non Disclosure Agreement Proprietary Information document is essential for businesses and individuals operating in India who need to protect sensitive business information during commercial discussions, partnerships, or potential transactions. The agreement is designed to comply with Indian legal requirements, including the Indian Contract Act, 1872, and related statutes, while providing comprehensive protection for confidential information exchange. It's particularly relevant in scenarios involving business negotiations, joint ventures, employee relationships, vendor engagements, and investment discussions. The document covers various types of proprietary information including trade secrets, technical know-how, business strategies, customer data, and intellectual property, with specific provisions for digital data protection in line with India's Information Technology Act, 2000.
Suggested Sections

1. Parties: Identification of all parties to the agreement, including full legal names, addresses, and company registration details if applicable

2. Background: Context of the agreement, purpose of sharing confidential information, and nature of the business relationship

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

4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement

5. Obligations of Confidentiality: Core confidentiality obligations, including duty of care, non-disclosure commitments, and permitted uses

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees, advisors, or as required by law

7. Protection and Security Measures: Specific measures required to protect confidential information

8. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination or request

9. Term and Termination: Duration of the agreement and circumstances for termination

10. Survival of Obligations: Specification of obligations that continue after termination

11. Remedies: Legal remedies available in case of breach, including injunctive relief

12. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes

Optional Sections

1. Non-Solicitation: Restrictions on soliciting employees or customers, included when there's risk of talent or business poaching

2. Non-Competition: Restrictions on competing activities, used when sharing highly sensitive business information

3. Intellectual Property Rights: Clarification of IP ownership and rights, important when shared information may lead to new IP

4. Data Privacy Compliance: Specific obligations regarding personal data protection, required when confidential information includes personal data

5. Export Control: Compliance with export control laws, needed for international business relationships

6. Force Majeure: Provisions for extraordinary events, optional but useful in long-term NDAs

7. Insurance Requirements: Obligations to maintain specific insurance coverage, relevant for high-value or high-risk information sharing

8. Assignment and Succession: Rules for transferring rights under the NDA, important for corporate restructuring scenarios

Suggested Schedules

1. Schedule A - Description of Confidential Information: Detailed list or categories of confidential information covered by the agreement

2. Schedule B - Authorized Representatives: List of individuals authorized to receive and handle confidential information

3. Schedule C - Security Protocols: Specific security measures and protocols required for handling confidential information

4. Appendix 1 - Form of Confidentiality Undertaking: Template for confidentiality undertaking to be signed by representatives or third parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 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

Healthcare

Financial Services

Professional Services

Research & Development

Pharmaceuticals

Telecommunications

Retail

Energy

Automotive

Education

Real Estate

Media & Entertainment

Biotechnology

Relevant Teams

Legal

Human Resources

Business Development

Research and Development

Executive Leadership

Procurement

Information Technology

Finance

Operations

Corporate Strategy

Mergers and Acquisitions

Innovation

Compliance

Product Development

Strategic Partnerships

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Legal Counsel

Business Development Manager

Human Resources Director

Project Manager

Research Director

Chief Technology Officer

Procurement Manager

Investment Manager

Operations Director

Chief Financial Officer

Innovation Manager

Strategic Partnership Director

Compliance Officer

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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