Non Disclosure Agreement Proprietary Information Template for Australia

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Key Requirements PROMPT example:

Non Disclosure Agreement Proprietary Information

"I need a Non-Disclosure Agreement Proprietary Information for my Australian tech startup to protect our AI algorithms and source code while discussing a potential partnership with overseas investors, with the agreement to be effective from March 1, 2025."

Document background
The Non-Disclosure Agreement Proprietary Information template is essential for businesses and individuals operating in Australia who need to protect sensitive commercial, technical, or proprietary information during business discussions, partnerships, or employment relationships. This document is particularly relevant when parties need to share confidential information for potential business opportunities, joint ventures, investment discussions, or employment arrangements. It incorporates key requirements under Australian law, including considerations from the Privacy Act 1988 (Cth), Corporations Act 2001 (Cth), and relevant common law principles. The agreement is structured to provide comprehensive protection while remaining flexible enough to accommodate various business contexts and types of confidential information.
Suggested Sections

1. Parties: Identifies and provides full details of all parties to the agreement

2. Background: Explains the context and purpose of the agreement, including the relationship between the parties

3. Definitions: Defines key terms used throughout the agreement, particularly 'Confidential Information' and 'Permitted Purpose'

4. Scope of Confidential Information: Clearly specifies what information is covered by the agreement and any exclusions

5. Obligations of Confidentiality: Details the core confidentiality obligations and standards of care required

6. Permitted Use and Disclosure: Specifies how confidential information may be used and circumstances under which it can be disclosed

7. Security Measures: Outlines required measures to protect confidential information

8. Return or Destruction of Confidential Information: Procedures for handling confidential information upon termination or request

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

10. Breach and Remedies: Consequences of breach and available remedies including injunctive relief

11. General Provisions: Standard boilerplate clauses including governing law, jurisdiction, and entire agreement

Optional Sections

1. Intellectual Property Rights: Required when confidential information includes IP or when IP might be created through the use of confidential information

2. Non-Solicitation: Include when there's a risk of party poaching employees or clients

3. Residual Knowledge: Optional clause addressing use of information retained in unaided memory

4. Data Privacy Compliance: Required when confidential information includes personal data subject to privacy laws

5. Export Control: Include when information may be subject to international transfer restrictions

6. Competitive Activity Restrictions: Optional restrictions on competitive activities during the confidentiality period

7. Subcontractors and Agents: Include when parties need to share information with their representatives

8. Insurance Requirements: Include when specific insurance coverage is required for handling confidential information

Suggested Schedules

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

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

4. Schedule 4 - Permitted Purpose Details: Detailed description of how confidential information may be used

5. Appendix A - Form of Confidentiality Undertaking: Template for confidentiality undertakings by employees or representatives

6. Appendix B - Data Handling Procedures: Specific procedures for handling, storing, and disposing of confidential information

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Relevant Industries

Technology

Healthcare

Financial Services

Manufacturing

Professional Services

Research & Development

Biotechnology

Mining & Resources

Real Estate

Retail

Education

Media & Entertainment

Telecommunications

Energy

Construction

Relevant Teams

Legal

Human Resources

Executive Leadership

Business Development

Research & Development

Information Technology

Finance

Operations

Procurement

Risk & Compliance

Innovation

Strategic Planning

Information Security

Corporate Development

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Technology Officer

Legal Counsel

Human Resources Director

Business Development Manager

Project Manager

Research Director

Investment Manager

Operations Manager

Procurement Manager

Contract Administrator

Innovation Manager

Strategic Partnership Director

Information Security Officer

Risk Manager

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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