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Proprietary Information Agreement

Proprietary Information Agreement Template for Ireland

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Key Requirements PROMPT example:

Proprietary Information Agreement

"I need a Proprietary Information Agreement under Irish law for a technology startup sharing software development details with a potential investor, with particular emphasis on protecting our AI algorithms and source code."

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Document background
The Proprietary Information Agreement is essential for businesses and individuals operating under Irish jurisdiction who need to share sensitive information while maintaining its confidentiality. This document is commonly used during business negotiations, due diligence processes, potential partnerships, or any situation requiring the disclosure of confidential information. It ensures compliance with Irish legal requirements, including the European Union (Protection of Trade Secrets) Regulations 2018, GDPR, and relevant Irish contract law. The agreement covers various types of confidential information including trade secrets, technical data, business strategies, customer information, and intellectual property, providing a secure framework for information sharing while offering legal protection to the disclosing party.
Suggested Sections

1. Parties: Identification of the disclosing and receiving parties, including registered addresses and company details

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

3. Definitions: Definitions of key terms including 'Confidential Information', 'Permitted Purpose', 'Representatives', and other relevant terms

4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement

5. Confidentiality Obligations: Core obligations regarding the protection and non-disclosure of confidential information

6. Permitted Use and Disclosure: Specified circumstances under which confidential information may be used or disclosed

7. Security Measures: Required measures for protecting and securing confidential information

8. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination or request

9. Term and Survival: Duration of the agreement and provisions that survive termination

10. Breach and Remedies: Consequences of breach and available remedies including injunctive relief

11. General Provisions: Standard contractual provisions including governing law, jurisdiction, and entire agreement

Optional Sections

1. Third Party Disclosure: Additional provisions for cases where disclosure to third parties may be necessary

2. Data Protection Compliance: Specific GDPR compliance provisions when personal data is involved

3. Intellectual Property Rights: Additional provisions regarding IP ownership and rights when relevant

4. Export Control: Provisions for international transfer of technical data or technology

5. Non-Solicitation: Restrictions on soliciting employees or customers, if relevant to the business relationship

6. Residual Knowledge: Provisions addressing use of general knowledge and experience gained

7. Competition Law Compliance: Specific provisions ensuring compliance with competition laws

8. Force Majeure: Provisions for unforeseen circumstances affecting confidentiality obligations

Suggested Schedules

1. Schedule 1 - Description of Confidential Information: Detailed list or categories of confidential information covered

2. Schedule 2 - Authorized Representatives: List of individuals authorized to receive and handle confidential information

3. Schedule 3 - Security Protocols: Specific security measures and procedures to be followed

4. Appendix A - Data Processing Requirements: GDPR-specific requirements if personal data is involved

5. Appendix B - Information Handling Procedures: Detailed procedures for handling, storing, and destroying 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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Technology

Healthcare

Financial Services

Manufacturing

Professional Services

Biotechnology

Research and Development

Education

Retail

Construction

Energy

Telecommunications

Pharmaceutical

Software Development

Consulting

Media and Entertainment

Real Estate

Engineering

Food and Beverage

Automotive

Relevant Teams

Legal

Executive Leadership

Human Resources

Research and Development

Information Technology

Business Development

Finance

Operations

Procurement

Sales

Product Development

Compliance

Risk Management

Innovation

Strategy

Commercial

Intellectual Property

Information Security

Corporate Development

Quality Assurance

Relevant Roles

Chief Executive Officer

Legal Counsel

Chief Technology Officer

Business Development Manager

Research Director

Project Manager

Human Resources Director

Chief Financial Officer

Operations Manager

Procurement Manager

Investment Manager

Sales Director

Technical Lead

Product Manager

Compliance Officer

Risk Manager

Innovation Director

Strategy Consultant

Commercial Director

Intellectual Property Manager

Industries
European Union (Protection of Trade Secrets) Regulations 2018: Irish regulations implementing EU Directive 2016/943 on trade secrets protection, defining trade secrets and establishing remedies for misappropriation
General Data Protection Regulation (GDPR): EU regulation governing personal data protection and privacy, crucial for any confidential information that may include personal data
Data Protection Act 2018: Irish legislation implementing GDPR, providing specific national requirements for data protection
Copyright and Related Rights Act 2000: Irish legislation governing copyright protection, relevant for protecting proprietary information that includes copyrightable material
Patents Act 1992 (as amended): Relevant when proprietary information includes patentable inventions or technical information that could affect patent rights
Irish Contract Law: Common law principles governing contract formation, enforcement, and remedies in Ireland
Competition Act 2002: Relevant for ensuring confidentiality provisions do not violate competition law or create unlawful market restrictions
Employment Equality Acts 1998-2015: Relevant when the agreement involves employees and must ensure confidentiality provisions don't discriminate unfairly
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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