Multiparty NDA Template for India

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Key Requirements PROMPT example:

Multiparty NDA

"I need a Multiparty NDA for a software development collaboration between my tech company, two AI research institutes, and a cloud service provider, with specific provisions for source code protection and data security compliance under Indian law."

Document background

The Multiparty NDA is essential in today's complex business environment where multiple organizations need to collaborate while protecting their confidential information. This document is particularly relevant in India, where increasing cross-sector collaboration and joint ventures require robust confidentiality protection. The agreement is designed to comply with Indian contract law, including the Indian Contract Act, 1872, and the Information Technology Act, 2000, while accommodating modern business practices. It's commonly used in scenarios such as joint ventures, research collaborations, complex supply chain arrangements, and multi-party technology projects. The Multiparty NDA addresses varying levels of information sharing between different combinations of parties, ensuring each party's confidential information is appropriately protected while enabling necessary business discussions and collaboration.

Suggested Sections

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

2. Background: Context of the agreement, purpose of sharing confidential information, and the relationship between parties

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

4. Scope of Confidentiality: Detailed description of what constitutes confidential information and exclusions

5. Obligations of Confidentiality: Core confidentiality obligations, including handling, protection, and non-disclosure requirements

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to representatives and as required by law

7. Return or Destruction of Confidential Information: Obligations regarding the return or destruction of confidential information upon request or termination

8. Term and Survival: Duration of the agreement and which provisions survive termination

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

10. General Provisions: Standard provisions including notices, amendments, severability, and governing law

Optional Sections

1. Mutual vs One-way Obligations: Additional section when different parties have different confidentiality obligations or when information flow is not uniform among all parties

2. Data Protection Compliance: Specific section for handling personal data or compliance with data protection laws

3. Competitive Activities: Section addressing non-competition and non-solicitation when relevant to the business relationship

4. Information Security Requirements: Detailed IT and security requirements for handling digital information

5. Export Control: For international parties or when dealing with regulated technology or information

6. Residual Knowledge: Addressing use of general knowledge and experience retained by recipients

7. Joint Development: Provisions regarding intellectual property created through collaboration using confidential information

Suggested Schedules

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

2. Schedule 2 - Authorized Representatives: List of designated representatives from each party authorized to receive confidential information

3. Schedule 3 - Security Protocols: Specific security measures and protocols for handling confidential information

4. Schedule 4 - Permitted Purpose Details: Detailed description of the specific business purpose for which confidential information may be used

5. Appendix A - Form of Acknowledgment: Template for representatives to acknowledge their confidentiality obligations

6. Appendix B - Data Return/Destruction Certificate: Template certificate confirming return or destruction of 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

Relevant legal definitions

Clauses

Relevant Industries

Technology

Manufacturing

Healthcare

Financial Services

Professional Services

Telecommunications

Automotive

Pharmaceuticals

Energy

Real Estate

Education

Research & Development

Information Technology

Biotechnology

E-commerce

Relevant Teams

Legal

Compliance

Business Development

Research and Development

Corporate Development

Executive Leadership

Operations

Information Technology

Finance

Project Management

Innovation

Partnerships

Risk Management

Intellectual Property

Relevant Roles

Chief Executive Officer

Chief Legal Officer

General Counsel

Legal Director

Contract Manager

Business Development Manager

Project Manager

Research Director

Chief Technology Officer

Chief Financial Officer

Head of Operations

Compliance Officer

Innovation Director

Partnership Manager

Corporate Development Executive

Investment Manager

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Authors

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