The Non-Disclosure Waiver is essential in business scenarios where parties need to modify existing confidentiality obligations without completely terminating the original NDA. This document is particularly relevant in Indian business contexts where companies need to selectively disclose confidential information for specific purposes such as due diligence, regulatory compliance, or business partnerships. It provides a legally sound mechanism under Indian law to waive confidentiality for certain information while maintaining protection for other sensitive data. The document is crucial for situations involving mergers and acquisitions, joint ventures, or public offerings where controlled disclosure of previously confidential information becomes necessary. It includes specific provisions addressing the scope of waiver, duration, and continuing obligations, ensuring compliance with Indian contract law and protecting the interests of all parties involved.
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1. Parties: Identification of all parties involved in the waiver agreement, including full legal names and addresses
2. Background: Context of the original confidentiality obligations and the reason for the waiver
3. Definitions: Key terms used in the waiver, including 'Confidential Information', 'Waived Information', and references to original NDA
4. Scope of Waiver: Precise description of what confidential information is being waived and extent of the waiver
5. Duration of Waiver: Time period for which the waiver remains effective
6. Surviving Obligations: Specification of which confidentiality obligations remain in force
7. Representations and Warranties: Statements confirming authority to grant waiver and understanding of its implications
8. Governing Law and Jurisdiction: Specification of Indian law as governing law and relevant jurisdiction
9. Entire Agreement: Confirmation that this waiver represents the complete understanding regarding the waived information
1. Third Party Rights: Required when the waived information affects rights of parties not directly involved in the waiver
2. Limited Purpose: Used when the waiver is granted for a specific purpose only
3. Regulatory Compliance: Needed when waiver involves regulated industries or statutory requirements
4. Return of Materials: Include when physical or electronic materials need to be returned or destroyed
5. Press Releases and Publicity: Required when public announcements about the waived information are contemplated
6. Indemnification: Include when protection against third-party claims is necessary
1. Schedule 1 - Original NDA: Copy or reference to the original Non-Disclosure Agreement being partially waived
2. Schedule 2 - Waived Information: Detailed list and description of specific confidential information being waived
3. Schedule 3 - Retained Confidential Information: List of information that remains subject to confidentiality obligations
4. Schedule 4 - Authorized Recipients: If applicable, list of persons/entities authorized to receive the waived information
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