Conflict Of Interest And Confidentiality Agreement Template for New Zealand

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Key Requirements PROMPT example:

Conflict Of Interest And Confidentiality Agreement

"I need a Conflict of Interest and Confidentiality Agreement for new board members joining our fintech company in March 2025, with specific provisions for handling digital financial data and reporting to regulatory authorities in New Zealand."

Document background
The Conflict of Interest and Confidentiality Agreement is designed for use in New Zealand organizations where individuals need to both protect confidential information and declare potential conflicts of interest. This document becomes necessary when organizations need to safeguard sensitive information while ensuring transparency in decision-making processes. It's particularly relevant for new employees, board members, contractors, or consultants who will have access to confidential information or be in positions where conflicts of interest might arise. The agreement complies with New Zealand's legal framework, including the Privacy Act 2020, Companies Act 1993, and Employment Relations Act 2000, providing comprehensive protection for organizational interests while establishing clear obligations for individuals.
Suggested Sections

1. Parties: Identification of all parties to the agreement, including their legal names and addresses

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

3. Definitions and Interpretation: Definitions of key terms including 'Confidential Information', 'Conflict of Interest', 'Material Interest', and interpretation clauses

4. Confidentiality Obligations: Core confidentiality requirements, including handling, storage, and protection of confidential information

5. Conflict of Interest Obligations: General obligations to disclose and manage conflicts of interest, including definition of what constitutes a conflict

6. Disclosure Requirements: Specific requirements and procedures for disclosing actual, potential, or perceived conflicts of interest

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

8. Return of Confidential Information: Obligations regarding the return or destruction of confidential information

9. Breach and Consequences: Consequences of breaching confidentiality or failing to disclose conflicts, including remedies

10. General Provisions: Standard boilerplate clauses including governing law, jurisdiction, entire agreement, and amendments

Optional Sections

1. Intellectual Property: Additional provisions for protecting intellectual property rights when the confidential information includes IP - used when R&D or technical information is involved

2. Board Member Obligations: Specific provisions for board members' duties and disclosures - used when the agreement covers board members

3. Digital Security Requirements: Specific requirements for handling digital information - used when confidential information is primarily stored or transmitted electronically

4. Third Party Disclosure: Provisions for authorized disclosure to third parties like advisors or auditors - used when third party access may be necessary

5. Competitive Activities: Restrictions on competitive activities - used when there's a need to prevent competitive conflicts

6. Whistleblower Protection: Provisions protecting individuals who report legitimate wrongdoing - used when required by industry regulations or company policy

Suggested Schedules

1. Schedule 1: Conflict of Interest Declaration Form: Template form for declaring conflicts of interest

2. Schedule 2: Categories of Confidential Information: Detailed list of types of information considered confidential under the agreement

3. Schedule 3: Approved Disclosure Procedures: Step-by-step procedures for making conflict of interest disclosures

4. Schedule 4: Register of Interests: Template for maintaining an ongoing register of declared interests

5. Schedule 5: Information Security Protocols: Specific procedures for handling and protecting 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 legal definitions
Relevant Industries

Financial Services

Healthcare

Technology

Professional Services

Government

Education

Research and Development

Non-Profit

Manufacturing

Legal Services

Consulting

Energy

Telecommunications

Defense

Relevant Teams

Executive Leadership

Board of Directors

Human Resources

Legal

Finance

Information Technology

Research and Development

Procurement

Business Development

Data Management

Clinical Operations

Investment

Operations

Security

Compliance

Risk Management

Relevant Roles

Chief Executive Officer

Board Director

Senior Manager

Financial Controller

Project Manager

Research Scientist

Legal Counsel

HR Manager

Procurement Officer

Business Development Manager

IT Administrator

Department Head

External Consultant

System Administrator

Data Analyst

Investment Manager

Clinical Director

Research Director

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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