Letter Of Intent Non Disclosure Agreement Template for Ireland

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Key Requirements PROMPT example:

Letter Of Intent Non Disclosure Agreement

"I need a Letter of Intent Non Disclosure Agreement under Irish law for a potential joint venture in the renewable energy sector, with specific provisions for protecting technical specifications and a 6-month exclusivity period starting March 2025."

Document background

A Letter Of Intent Non Disclosure Agreement under Irish law is essential during the preliminary stages of significant business transactions, mergers, acquisitions, or strategic partnerships. This hybrid document serves two crucial purposes: first, it outlines the parties' intentions and preliminary understanding regarding a potential business transaction (the LOI component), and second, it provides robust protection for confidential information exchanged during negotiations (the NDA component). The document is particularly relevant in today's business environment where preliminary discussions often involve sharing sensitive commercial, technical, or financial information. It incorporates Irish legal requirements and EU regulations, particularly regarding data protection and business confidentiality, while clearly distinguishing between non-binding elements of the LOI and the binding nature of the confidentiality provisions.

Suggested Sections

1. Parties: Identification of all parties to the agreement, including registered addresses and company numbers

2. Background/Recitals: Context of the proposed transaction and purpose of the LOI and NDA

3. Definitions: Key terms used throughout the document, including 'Confidential Information', 'Permitted Purpose', 'Representatives'

4. Purpose and Scope: Details of the proposed transaction or business relationship being explored

5. Confidentiality Obligations: Core NDA provisions including use restrictions and protection measures

6. Permitted Disclosures: Circumstances under which confidential information may be shared

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

8. Duration and Survival: Term of the LOI and duration of confidentiality obligations

9. Non-Binding Nature: Clear statement that the LOI portions are non-binding except for specified provisions

10. Binding Provisions: Identification of which provisions are legally binding (typically NDA, costs, and governing law)

11. Governing Law and Jurisdiction: Specification of Irish law and jurisdiction

Optional Sections

1. Exclusivity: Used when parties want to negotiate exclusively for a specific period

2. Non-Solicitation: Added when there's a need to prevent poaching of employees or customers

3. Break Fee: Included when parties want to specify compensation if negotiations are terminated

4. Cost Allocation: Required when parties need to specify how transaction costs will be shared

5. Public Announcements: Added for high-profile transactions requiring press release controls

6. Data Protection: Required when confidential information includes personal data under GDPR

7. Intellectual Property Rights: Added when significant IP may be disclosed during negotiations

Suggested Schedules

1. Schedule 1 - Description of Proposed Transaction: Detailed outline of the proposed business arrangement

2. Schedule 2 - Confidential Information: Specific categories of information deemed confidential

3. Schedule 3 - Authorized Representatives: List of individuals authorized to receive confidential information

4. Appendix A - Acknowledgment Form: Form for representatives to acknowledge NDA obligations

5. Appendix B - Information Security Requirements: Specific measures required for protecting 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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Relevant Teams

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Corporate Development

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Executive Leadership

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Chief Financial Officer

Chief Legal Officer

Business Development Director

Corporate Development Manager

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Investment Director

Mergers & Acquisitions Manager

Strategy Director

Commercial Director

Head of Operations

Project Manager

Risk Manager

Information Security Officer

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NDA For Product Development

Irish law-governed NDA specifically tailored for protecting confidential information in product development relationships.

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

Let's create your Letter Of Intent Non Disclosure Agreement

Authors

Alex Denne

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