Non Disclosure Agreement For Invention Template for India

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Key Requirements PROMPT example:

Non Disclosure Agreement For Invention

"I need a Non-Disclosure Agreement For Invention to protect my AI-powered medical diagnosis software before presenting it to potential investors in March 2025; the agreement should specifically cover algorithm details and test results."

Document background

The Non-Disclosure Agreement For Invention is a crucial legal document used in India when inventors or companies need to share confidential information about their innovations with third parties. This agreement is particularly important in the pre-patent filing phase or during business negotiations where detailed technical information must be disclosed. It provides protection under Indian law, specifically incorporating elements from the Indian Contract Act, 1872, and the Patents Act, 1970. The document is essential for maintaining invention secrecy while enabling necessary discussions with potential investors, manufacturers, or business partners. It includes comprehensive definitions of confidential information, specific handling requirements for technical data, and clear obligations for all parties involved. The agreement is designed to prevent unauthorized disclosure or use of the invention while allowing for legitimate business evaluation and development processes.

Suggested Sections

1. Parties: Identification of the disclosing party (inventor/owner) and receiving party, including full legal names, addresses, and company details if applicable

2. Background: Context of the disclosure, brief description of the invention, and purpose of entering into the agreement

3. Definitions: Detailed definitions including 'Confidential Information', 'Invention', 'Permitted Purpose', 'Representatives', and other key terms

4. Scope of Confidential Information: Detailed description of what constitutes confidential information, including the invention details, know-how, and related technical information

5. Obligations of Confidentiality: Core confidentiality obligations, including storage, handling, and protection of confidential information

6. Permitted Disclosures: Circumstances under which the receiving party may disclose information to its representatives or as required by law

7. Term and Survival: Duration of the agreement and survival of obligations after termination

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

9. Intellectual Property Rights: Confirmation that no IP rights are transferred and all rights remain with the disclosing party

10. Breach and Remedies: Consequences of breach, including injunctive relief and compensation

11. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes

Optional Sections

1. Patent Rights: Section specifically addressing existing or potential patent applications, to be included when patent applications are pending or contemplated

2. Multiple Inventors: Additional provisions for cases involving multiple inventors or joint ownership of the invention

3. Export Control: Provisions regarding export control regulations, necessary when the invention might be subject to export restrictions

4. Pre-Existing Obligations: Section addressing any pre-existing obligations or agreements related to the invention, used when relevant prior agreements exist

5. Reverse Engineering Prohibition: Specific prohibition against reverse engineering, particularly relevant for software or mechanical inventions

6. Testing and Evaluation: Provisions for cases where the receiving party needs to test or evaluate the invention

7. Publication Rights: Provisions regarding academic or scientific publication rights, relevant for academic or research-related inventions

Suggested Schedules

1. Schedule 1 - Description of the Invention: Detailed technical description of the invention, including drawings, specifications, and technical details

2. Schedule 2 - Authorized Representatives: List of authorized representatives who may access the confidential information

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

4. Appendix A - Acknowledgment Form: Form to be signed by representatives who will have access to the confidential information

5. Appendix B - Invention Records: List of all documents, prototypes, or materials being disclosed

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

Information Technology

Biotechnology

Pharmaceutical

Manufacturing

Engineering

Electronics

Medical Devices

Automotive

Aerospace

Chemical

Clean Technology

Artificial Intelligence

Internet of Things

Research & Development

Consumer Electronics

Relevant Teams

Legal

Research & Development

Intellectual Property

Product Development

Engineering

Innovation

Business Development

Technical Operations

Patent Operations

Corporate Development

Investment

Design

Technology Transfer

Relevant Roles

Chief Technology Officer

Research Scientist

Patent Attorney

Innovation Manager

Product Development Manager

Research & Development Director

Intellectual Property Manager

Technical Director

Chief Executive Officer

Business Development Manager

Investment Manager

Engineering Manager

Legal Counsel

Technology Transfer Officer

Venture Capital Associate

Industrial Designer

Principal Investigator

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