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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."
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
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
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
Authorized Purpose
Authorized Representatives
Business Day
Commencement Date
Confidentiality Obligations
Disclosing Party
Receiving Party
Permitted Disclosees
Related Companies
Representatives
Security Requirements
Term
Trade Secrets
Intellectual Property Rights
Permitted Use
Affiliate
Confidential Materials
Derived Information
Excluded Information
Notice
Personnel
Professional Advisers
Security Breach
Working Hours
Information Protection
Data Security
Access Rights
Non-Disclosure
Return of Information
Permitted Use
Breach Notification
Duration
Survival
Intellectual Property
Permitted Disclosure
Non-Solicitation
Remedies
Indemnification
Governing Law
Dispute Resolution
Assignment
Third Party Rights
Severability
Entire Agreement
Amendment
Notice
Counterparts
Force Majeure
Technology
Manufacturing
Professional Services
Healthcare
Financial Services
Research and Development
Biotechnology
Energy
Telecommunications
Consumer Goods
Real Estate
Mining and Resources
Education
Media and Entertainment
Legal
Commercial
Business Development
Executive Leadership
Research and Development
Procurement
Information Technology
Corporate Affairs
Risk and Compliance
Operations
Strategic Planning
Innovation
Mergers and Acquisitions
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
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