Non Disclosure Agreement For Technology Company Template for Nigeria

The Non-Disclosure Agreement For Technology Company is essential for protecting proprietary information and intellectual property in Nigeria's growing technology sector. This document is typically used when technology companies need to share sensitive technical information, source code, development methodologies, or business strategies with potential partners, investors, or service providers. It is specifically structured to comply with Nigerian legislation, including the NDPR 2019, Cybercrimes Act 2015, and relevant intellectual property laws. The agreement is particularly important given the rapid growth of Nigeria's technology sector and the increasing need for protection of digital assets and innovation. The document addresses unique challenges faced by technology companies, including protection of electronic data, source code, and technical specifications, while ensuring enforceability under Nigerian jurisdiction.

1. Parties: Identification of the disclosing and receiving parties, including registered addresses and company registration details as required under Nigerian law

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

3. Definitions: Detailed definitions including 'Confidential Information', 'Trade Secrets', 'Intellectual Property', 'Technical Data', and other key terms specific to technology sector

4. Scope of Confidential Information: Comprehensive description of what constitutes confidential information, including technical specifications, source code, algorithms, databases, and other technology-specific items

5. Obligations of Receiving Party: Detailed responsibilities regarding protection, non-disclosure, and usage of confidential information

6. Data Protection and Security Measures: Specific security protocols and compliance requirements with NDPR 2019 and other relevant regulations

7. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees, advisors, or as required by law

8. Term and Survival: Duration of the agreement and obligations that survive termination

9. Return or Destruction of Confidential Information: Procedures for handling confidential information upon termination or request

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

11. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for dispute resolution