Reciprocal Non Disclosure Agreement Template for Denmark

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Reciprocal Non Disclosure Agreement

Document background
This Reciprocal Non Disclosure Agreement is designed for situations where two parties need to share confidential information with each other in the context of business discussions, negotiations, or collaborative projects. The agreement, governed by Danish law, ensures mutual protection of sensitive information including but not limited to trade secrets, technical data, business strategies, and intellectual property. It complies with Danish legal requirements, including the Danish Trade Secrets Act and relevant EU regulations such as GDPR where applicable. The document is particularly suitable for initial business discussions, due diligence processes, joint ventures, or any situation where bilateral exchange of confidential information is anticipated.
Suggested Sections

1. Parties: Identification of the parties entering into the NDA, including full legal names and addresses

2. Background: Context of the agreement and purpose for sharing confidential information

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

4. Confidentiality Obligations: Core mutual obligations regarding protection and non-disclosure of confidential information

5. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to representatives and professional advisors

6. Information Security Measures: Required procedures and standards for protecting confidential information

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

8. Term and Termination: Duration of the agreement and termination provisions

9. Survival: Obligations that continue after termination

10. Governing Law and Jurisdiction: Specification of Danish law and jurisdiction for dispute resolution

Optional Sections

1. Data Protection: Specific provisions for handling personal data under GDPR - include when confidential information may include personal data

2. Intellectual Property: Provisions clarifying IP ownership and rights - include when confidential information includes IP-sensitive material

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

4. Assignment: Rights to assign the agreement - include when parties may undergo corporate changes

5. Prior Agreements: Relationship to existing confidentiality obligations - include when parties have prior NDAs

6. Severability: Provisions for partial invalidity - include in complex agreements

7. Injunctive Relief: Right to seek immediate court intervention - include when immediate enforcement may be necessary

Suggested Schedules

1. Description of Permitted Purpose: Detailed description of the specific purpose for which confidential information may be used

2. Categories of Confidential Information: Specific types of confidential information covered by the agreement

3. Security Protocols: Detailed information security requirements and procedures

4. Authorized Representatives: List of individuals or roles authorized to receive confidential information

5. Notice Details: Contact information and procedures for serving notices under the agreement

Authors

Relevant legal definitions
Relevant Industries
Relevant Teams
Relevant Roles
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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