Business Confidentiality Agreement Form Template for England and Wales

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Key Requirements PROMPT example:

Business Confidentiality Agreement Form

"I need a Business Confidentiality Agreement Form for my tech startup to protect sensitive information when discussing potential investment with venture capital firms, with specific clauses about protecting our AI algorithms and software source code, to be effective from March 2025."

Document background

The Business Confidentiality Agreement Form is essential when businesses need to share sensitive information while ensuring legal protection. This document, governed by English and Welsh law, establishes clear parameters for handling confidential information, including trade secrets, proprietary data, and business strategies. It's particularly crucial during business negotiations, partnerships, or when engaging with contractors and service providers. The agreement defines confidentiality obligations, permitted uses, and consequences of breach, while complying with relevant UK legislation including trade secrets and data protection laws.

Suggested Sections

1. Parties: Identification of the parties entering into the agreement

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement including definition of Confidential Information

4. Obligations of Confidentiality: Core confidentiality duties and restrictions on use of confidential information

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

6. Return of Confidential Information: Procedures for returning or destroying confidential information upon termination

7. Governing Law and Jurisdiction: Specification of English and Welsh law as governing law and jurisdiction

Optional Sections

1. Permitted Disclosures: Specific circumstances when confidential information may be disclosed to third parties

2. Data Protection: Provisions for handling personal data under UK GDPR and Data Protection Act 2018

3. Intellectual Property Rights: Provisions protecting IP rights in confidential information

4. Non-Competition: Additional restrictions on competitive activities and use of information

5. Warranties and Indemnities: Specific warranties regarding confidential information and related indemnities

Suggested Schedules

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

2. Schedule 2 - Permitted Recipients: List of authorized individuals or entities who may access the confidential information

3. Schedule 3 - Security Measures: Specific security requirements and protocols for handling 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

alex.den.21@genieai.co

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Let's create your Business Confidentiality Agreement Form

Authors

Alex Denne

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