Perpetual Non Disclosure Agreement Template for Australia

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Key Requirements PROMPT example:

Perpetual Non Disclosure Agreement

"I need a Perpetual Non Disclosure Agreement under Australian law for a technology startup sharing sensitive AI algorithms with a potential manufacturing partner in Queensland, with special attention to digital security measures and protection of our intellectual property."

Document background

This Perpetual Non Disclosure Agreement is designed for situations where parties need to ensure confidential information remains protected indefinitely under Australian law. It is particularly valuable for businesses sharing trade secrets, proprietary technology, or sensitive commercial information that retains its value over extended periods. The agreement addresses various types of confidential information, including trade secrets, intellectual property, business strategies, customer data, and technical know-how. It incorporates specific provisions required under Australian privacy and contract law, making it suitable for both domestic and international business relationships where Australian law governs. The perpetual nature of the agreement ensures that confidentiality obligations continue indefinitely, providing robust protection for information that doesn't lose its sensitive nature over time.

Suggested Sections

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

2. Background: Sets out the context and purpose of the agreement, including the nature of the relationship between the parties

3. Definitions and Interpretation: Defines key terms including 'Confidential Information', 'Permitted Purpose', 'Representatives' and interpretation principles

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

5. Confidentiality Obligations: Core obligations regarding non-disclosure, non-use, and protection of confidential information

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

7. Security Measures: Required procedures and safeguards for handling and storing confidential information

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

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

10. Survival of Obligations: Explicit statement of the perpetual nature of the confidentiality obligations

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

12. Execution: Formal execution blocks for all parties

Optional Sections

1. Intellectual Property Rights: Additional provisions regarding IP ownership and licensing when IP is likely to be shared

2. Representatives and Third Parties: Detailed provisions for when confidential information needs to be shared with employees, advisors, or other third parties

3. Non-Solicitation: Restrictions on soliciting employees or customers, used when parties have access to sensitive relationship information

4. Data Protection Compliance: Specific obligations regarding personal data handling when personal information is involved

5. Export Control: Provisions for compliance with export control laws when dealing with international parties or regulated information

6. Competitive Activities: Provisions regarding use of information in competitive contexts, when parties are or may become competitors

7. Publicity and Announcements: Controls on public statements about the relationship, used for sensitive commercial relationships

Suggested Schedules

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

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 for handling the confidential information

4. Schedule 4 - Permitted Purpose: Detailed description of the specific purposes for which confidential information may be used

5. Appendix A - Form of Confidentiality Undertaking: Template confidentiality agreement for representatives or third parties who need access to the 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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Technology

Healthcare

Financial Services

Manufacturing

Professional Services

Research & Development

Biotechnology

Energy

Mining

Telecommunications

Retail

Education

Defense

Media & Entertainment

Relevant Teams

Legal

Executive Leadership

Research & Development

Human Resources

Information Technology

Finance

Business Development

Operations

Procurement

Compliance

Information Security

Innovation

Strategic Planning

Corporate Development

Relevant Roles

Chief Executive Officer

Chief Technology Officer

Legal Counsel

Business Development Manager

Research Director

Project Manager

HR Director

Finance Director

Operations Manager

Innovation Manager

Product Manager

Strategic Partnership Manager

Procurement Manager

Information Security Officer

Compliance Officer

Find the exact document you need

Agreement Not To Disclose Confidential Information

An Australian law-compliant Non-Disclosure Agreement for protecting confidential information shared between parties during business relationships.

How a Sales & Marketing Lead uses Genie AI to reduce contract drafting time by 95%

Let's create your Perpetual Non Disclosure Agreement

Authors

Alex Denne

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