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Short Form Confidentiality Agreement
"I need a Short Form Confidentiality Agreement under Australian law for my tech startup to use with potential investors, with special attention to protecting our AI-related intellectual property and software code."
1. Parties: Identifies and defines the parties entering into the agreement, including their legal names, addresses, and ACN/ABN
2. Background: Brief context explaining why the agreement is being entered into and the relationship between the parties
3. Definitions: Key terms used in the agreement, particularly 'Confidential Information', 'Permitted Purpose', and 'Representatives'
4. Confidentiality Obligations: Core obligations regarding the protection and non-disclosure of confidential information
5. Permitted Use and Disclosure: Specifies how the recipient may use the confidential information and to whom it may be disclosed
6. Return or Destruction of Confidential Information: Requirements for handling confidential information upon request or termination
7. Term and Survival: Duration of the agreement and which obligations survive termination
8. General Provisions: Standard boilerplate clauses including governing law, entire agreement, and execution
1. Security Measures: Specific requirements for protecting confidential information, recommended when dealing with sensitive technical or digital information
2. Intellectual Property Rights: Clarification of IP ownership and rights, important when confidential information includes IP
3. Privacy Obligations: Additional provisions for handling personal information, required when confidential information includes personal data
4. Competition and Non-Solicitation: Restrictions on competitive activities, useful when sharing sensitive business information
5. Breach Notification: Procedures for reporting unauthorized disclosures, important for high-risk information
6. Third Party Rights: Provisions regarding third party beneficiaries or information owners, needed when involving external stakeholders
1. Schedule 1 - Description of Confidential Information: Detailed list or categories of information covered by the agreement
2. Schedule 2 - Permitted Purpose: Detailed description of how the confidential information may be used
3. Schedule 3 - Authorized Representatives: List of individuals or roles authorized to receive the confidential information
4. Schedule 4 - Security Requirements: Optional schedule detailing specific security measures required for protecting the information
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Business Development Manager
Legal Counsel
Human Resources Manager
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Procurement Officer
Research Director
Investment Manager
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Chief Financial Officer
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