Confidentiality Agreement Between Two Companies Template for New Zealand

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Key Requirements PROMPT example:

Confidentiality Agreement Between Two Companies

"I need a Confidentiality Agreement Between Two Companies for a potential merger discussion starting March 2025, where my tech company will be sharing sensitive financial and customer data with a larger corporation; we need extra strong provisions around data security and customer information protection."

Document background
This Confidentiality Agreement Between Two Companies is essential when businesses need to share sensitive information while exploring potential partnerships, conducting due diligence, or engaging in other commercial relationships. It is specifically drafted under New Zealand law and incorporates relevant local legislation including the Contract and Commercial Law Act 2017 and Privacy Act 2020. The agreement is typically used before entering into detailed business discussions, during merger and acquisition talks, joint venture negotiations, or when sharing trade secrets, technical information, or other proprietary data. It provides both parties with legal protection while enabling necessary information exchange for business purposes.
Suggested Sections

1. Parties: Identifies the disclosing party and receiving party with their full legal names, company numbers, and registered addresses

2. Background: Explains the context and purpose of the agreement, including the nature of the business relationship

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

4. Scope of Confidential Information: Clearly specifies what constitutes confidential information under the agreement

5. Obligations of Confidentiality: Details the core obligations to maintain confidentiality and permitted uses of the information

6. Security Measures: Specifies the security measures required to protect confidential information

7. Term and Survival: Specifies the duration of the agreement and which obligations survive termination

8. Return or Destruction of Information: Requirements for handling confidential information upon termination or request

9. Breach and Remedies: Outlines consequences of breach and available remedies

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

Optional Sections

1. Permitted Disclosures: Used when specific categories of representatives or third parties need access to the information

2. Intellectual Property Rights: Include when confidential information involves IP that needs specific protection

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

4. Data Protection Compliance: Include when confidential information includes personal data

5. Export Control: Required when information may be subject to export control regulations

6. Reverse Engineering Prohibition: Include when protecting technical information or trade secrets

7. Residual Knowledge: Optional clause addressing use of non-confidential knowledge retained in memory

8. Force Majeure: Include when needed to address extraordinary circumstances affecting confidentiality obligations

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 individuals or roles authorized to receive and handle confidential information

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

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

5. Appendix B - Data Handling Procedures: Detailed procedures for handling, storing, and transmitting 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

Relevant Industries

Technology

Manufacturing

Professional Services

Healthcare

Financial Services

Research and Development

Biotechnology

Energy

Telecommunications

Consumer Goods

Real Estate

Mining and Resources

Education

Media and Entertainment

Relevant Teams

Legal

Commercial

Business Development

Executive Leadership

Research and Development

Procurement

Information Technology

Corporate Affairs

Risk and Compliance

Operations

Strategic Planning

Innovation

Mergers and Acquisitions

Relevant Roles

Chief Executive Officer

Chief Legal Officer

General Counsel

Legal Counsel

Commercial Director

Business Development Manager

Chief Financial Officer

Operations Director

Research Director

Project Manager

Procurement Manager

Contract Manager

Company Secretary

Chief Technology Officer

Chief Information Officer

Innovation Director

Strategic Partnerships Manager

Industries
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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