This Non Disclosure Agreement Property is essential for protecting confidential information in Nigerian property transactions and developments. It is typically used when parties need to share sensitive information about property assets, development plans, financial details, or business strategies related to real estate. The document is specifically designed to comply with Nigerian legal requirements and property laws, incorporating relevant provisions from the Nigerian Contract Act, Land Use Act, and data protection regulations. This agreement is particularly important in scenarios involving property valuations, potential purchases, development projects, or investment opportunities where confidential information needs to be shared between parties. The document provides comprehensive protection while ensuring compliance with Nigerian jurisdiction requirements and business practices.
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1. Parties: Identification of the disclosing party and receiving party, including full legal names and addresses
2. Background: Context of the agreement and relationship between the parties
3. Definitions: Definitions of key terms including 'Confidential Information', 'Property Information', 'Permitted Purpose', and other relevant terms
4. Scope of Confidential Information: Detailed description of what constitutes confidential information relating to the property
5. Obligations of Confidentiality: Core confidentiality obligations and permitted uses of the confidential information
6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to professional advisors and as required by law
7. Security Measures: Required measures to protect confidential information
8. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination
9. Duration and Termination: Term of the agreement and termination provisions
10. Breach and Remedies: Consequences of breach and available remedies
11. Governing Law and Jurisdiction: Specification of Nigerian law and jurisdiction
12. Entire Agreement: Standard boilerplate confirming this as the complete agreement
13. Execution: Signature blocks and execution details
1. Non-Circumvention: Used when there's a need to prevent the receiving party from using the information to circumvent the disclosing party in property transactions
2. Digital Security Measures: Include when confidential information will be shared or stored digitally
3. Property Access Provisions: Required when physical access to the property is needed as part of the permitted purpose
4. Assignment and Succession: Include when either party may need to transfer rights under the agreement
5. Representatives and Warranties: Used when specific representations about the property or information are necessary
6. Insurance Requirements: Include when the receiving party needs to maintain specific insurance related to the confidential information
7. Publicity: Include when there's a need to specifically address public announcements or marketing restrictions
1. Schedule 1 - Property Details: Specific details of the property or properties covered by the NDA
2. Schedule 2 - Authorized Representatives: List of individuals authorized to receive and handle confidential information
3. Schedule 3 - Permitted Purpose: Detailed description of the specific purpose for which confidential information may be used
4. Schedule 4 - Security Protocols: Specific security measures required for protecting confidential information
5. Appendix A - Form of Confidentiality Undertaking: Template for additional parties who may need to sign confidentiality undertakings
6. Appendix B - Document Return Form: Template for documenting the return or destruction of confidential information
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Construction
Property Development
Financial Services
Property Investment
Architecture
Legal Services
Property Management
Facilities Management
Urban Planning
Commercial Property
Residential Property
Industrial Property
Hospitality
Relevant Teams
Legal
Real Estate
Property Management
Investment
Development
Acquisitions
Risk Management
Compliance
Finance
Operations
Facilities Management
Project Management
Asset Management
Due Diligence
Relevant Roles
Real Estate Manager
Property Developer
Investment Director
Legal Counsel
Property Valuation Specialist
Development Manager
Asset Manager
Real Estate Agent
Property Consultant
Facilities Manager
Construction Manager
Project Manager
Chief Investment Officer
Real Estate Analyst
Property Portfolio Manager
Acquisitions Manager
Legal Director
Risk Manager
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