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Confidentiality Waiver

Confidentiality Waiver Template for Pakistan

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Key Requirements PROMPT example:

Confidentiality Waiver

"I need a Confidentiality Waiver under Pakistani law for our pharmaceutical company to share clinical trial data with potential investors during our Series B funding round starting March 2025, with specific provisions for protecting patient data privacy."

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Document background
The Confidentiality Waiver is essential in situations where parties need to be legally released from existing confidentiality obligations under Pakistani law. This document becomes necessary during corporate transactions, regulatory investigations, legal proceedings, or business collaborations where previously restricted information needs to be shared. It's particularly relevant when companies need to disclose confidential information to potential investors, during due diligence processes, or when complying with regulatory requirements. The waiver must comply with Pakistani legal requirements, including the Contract Act 1872 and relevant sector-specific regulations. It should clearly identify the scope of confidential information being released, the extent of the waiver, and any continuing obligations that remain in force.
Suggested Sections

1. Parties: Identification of the party/parties waiving confidentiality and the party/parties receiving the waiver

2. Background: Context of the confidential information and the original confidentiality obligations being waived

3. Definitions: Key terms including 'Confidential Information', 'Waiver Period', and any other relevant defined terms

4. Scope of Waiver: Specific description of what confidential information is being waived and the extent of the waiver

5. Duration: Time period for which the waiver is valid

6. Permitted Uses: Specific purposes for which the confidential information may be used under this waiver

7. Residual Obligations: Any continuing confidentiality obligations that remain in effect

8. Governing Law and Jurisdiction: Confirmation of Pakistani law as governing law and jurisdiction for disputes

Optional Sections

1. Third Party Rights: Include when the waiver affects or requires consent from third parties

2. Regulatory Compliance: Include when specific regulatory requirements need to be addressed, particularly for regulated industries

3. Partial Waiver Limitations: Include when only certain aspects of confidentiality are being waived while others remain in force

4. Revocation Rights: Include when the waiver can be revoked under certain circumstances

5. Indemnification: Include when one party needs to protect against claims arising from the permitted disclosure

6. Survival: Include when certain provisions need to survive the termination of the waiver

Suggested Schedules

1. Schedule 1 - Specified Confidential Information: Detailed list or description of the specific confidential information covered by the waiver

2. Schedule 2 - Original Confidentiality Agreement: Copy or reference to the original confidentiality agreement being waived

3. Schedule 3 - Authorized Recipients: List of specific individuals or entities authorized to receive the confidential information under the waiver

4. Appendix A - Consent Forms: Any required consent forms from third parties or regulatory bodies

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Banking and Financial Services

Healthcare

Information Technology

Telecommunications

Manufacturing

Professional Services

Energy and Utilities

Education

Real Estate

Pharmaceutical

Defense and Security

Media and Entertainment

Relevant Teams

Legal

Compliance

Corporate Secretariat

Risk Management

Information Security

Human Resources

Finance

Business Development

Research & Development

Operations

Executive Leadership

Data Protection

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Legal Counsel

Compliance Officer

Corporate Secretary

Business Development Manager

Investment Manager

Human Resources Director

Chief Financial Officer

Risk Manager

Project Manager

Information Security Officer

Data Protection Officer

Merger & Acquisition Director

Research & Development Head

Industries
Contract Act 1872: The fundamental law governing contract formation and enforcement in Pakistan, which sets out the basic principles for valid agreements, including waivers
Electronic Transactions Ordinance 2002: Relevant for electronic documentation and digital signatures if the waiver is to be executed electronically
Prevention of Electronic Crimes Act 2016: Contains provisions relating to confidentiality and privacy in electronic communications and data protection
Pakistan Penal Code 1860: Sections 408 and 409 deal with breach of trust and criminal breach of trust, relevant for understanding the implications of confidentiality breaches
Qanun-e-Shahadat Order 1984: Pakistan's law of evidence, which includes provisions about confidential communications and their disclosure
Banking Companies Ordinance 1962: If the waiver involves banking information, this law governs confidentiality obligations in the banking sector
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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