Non Disclosure Agreement Due Diligence Template for Denmark

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Non Disclosure Agreement Due Diligence

Document background

This Non Disclosure Agreement Due Diligence template is specifically designed for use under Danish law in corporate transaction contexts where one party needs to disclose confidential business information to another party for evaluation purposes. The agreement is typically used in mergers and acquisitions, investments, or strategic partnerships where detailed company information needs to be shared during the due diligence phase. It incorporates key requirements from Danish legislation, including the Danish Trade Secrets Act, Data Protection Act, and Competition Act, while providing robust protection for confidential information shared through data rooms or direct disclosure. The document is particularly important in Denmark's business environment where transparency and data protection are highly regulated, making it essential for companies to have proper confidentiality safeguards in place during transaction processes.

Suggested Sections

1. Parties: Identification of the disclosing and receiving parties, including company details and registration numbers

2. Background: Context of the due diligence process and purpose of the NDA

3. Definitions: Key terms including 'Confidential Information', 'Due Diligence Process', 'Permitted Purpose', 'Representatives'

4. Scope of Confidential Information: Detailed description of what constitutes confidential information in the due diligence context

5. Permitted Disclosure: Circumstances under which confidential information may be shared and with whom

6. Obligations of Confidentiality: Core confidentiality obligations and standard of care required

7. Data Protection Compliance: GDPR and Danish Data Protection Act compliance requirements

8. Security Measures: Required security measures for handling confidential information

9. Return or Destruction of Information: Obligations regarding confidential information after due diligence completion

10. Duration and Survival: Term of the agreement and surviving obligations

11. Breach and Remedies: Consequences of breach and available remedies

12. Governing Law and Jurisdiction: Specification of Danish law and jurisdiction

Optional Sections

1. Clean Team Arrangements: For situations where competitors are involved and additional safeguards are needed

2. Insider Trading Prevention: Required for due diligence involving listed companies

3. Non-Solicitation: Optional restrictions on soliciting employees or customers

4. Exclusivity Provisions: For situations requiring exclusive due diligence rights

5. Electronic Information Systems: Specific provisions for virtual data room access and usage

6. Competition Law Compliance: Required when sharing commercially sensitive information between competitors

7. Assignment and Subcontracting: Optional provisions for allowing/restricting transfer of rights

Suggested Schedules

1. Schedule 1 - Authorized Representatives: List of individuals authorized to access confidential information

2. Schedule 2 - Security Protocols: Detailed security requirements and procedures

3. Schedule 3 - Data Processing Requirements: Specific GDPR and data protection compliance requirements

4. Schedule 4 - Information Return/Destruction Protocol: Detailed procedures for return or destruction of confidential information

5. Appendix A - Clean Team Members: If applicable, list of approved clean team members and their obligations

6. Appendix B - Data Room Rules: If applicable, specific rules and procedures for virtual/physical data room access

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