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Two Sided NDA
"I need a Two-Sided NDA governed by German law for a potential merger discussion between our manufacturing company and a tech startup, with specific provisions for protecting technical drawings and source code, to be effective from March 2025."
1. Parties: Identification and details of both parties entering into the NDA
2. Background: Context of the agreement and purpose of sharing confidential information
3. Definitions: Defines key terms including 'Confidential Information', 'Trade Secrets', 'Permitted Purpose', and 'Representatives'
4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement
5. Confidentiality Obligations: Core mutual obligations regarding the protection and non-disclosure of confidential information
6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to representatives and when required by law
7. Security Measures: Required protective measures for maintaining confidentiality of the information
8. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination or request
9. Term and Termination: Duration of the agreement and termination provisions
10. Breach and Remedies: Consequences of breach and available legal remedies
11. General Provisions: Standard contractual provisions including governing law, jurisdiction, and entire agreement
1. Data Protection: Required when confidential information includes personal data subject to GDPR
2. Non-Solicitation: Optional provision preventing parties from soliciting each other's employees
3. Non-Competition: Optional restrictions on competitive activities, subject to German competition law limitations
4. Residual Knowledge: Optional clause addressing use of retained knowledge that cannot be erased from memory
5. Export Control: Required when confidential information may be subject to export control regulations
6. Force Majeure: Optional provision for circumstances preventing performance of obligations
7. Insurance: Optional requirement for parties to maintain specific insurance coverage
1. Schedule 1 - Authorized Representatives: List of individuals authorized to receive and handle confidential information
2. Schedule 2 - Security Protocols: Detailed security measures and procedures for handling confidential information
3. Schedule 3 - Specific Confidential Information: Detailed list or categories of information deemed confidential under the agreement
4. Appendix A - Form of Confidentiality Undertaking: Template for confidentiality undertaking to be signed by representatives
5. Appendix B - Data Processing Terms: Required GDPR-compliant data processing terms if personal data is involved
Authors
Technology
Manufacturing
Healthcare
Financial Services
Biotechnology
Automotive
Professional Services
Research & Development
Software Development
Telecommunications
Energy
Pharmaceuticals
Industrial Engineering
Aerospace
Chemical Industry
Legal
Business Development
Research & Development
Executive Leadership
Operations
Information Technology
Finance
Procurement
Corporate Development
Product Development
Innovation
Strategic Planning
Mergers & Acquisitions
Technical Operations
Compliance
Chief Executive Officer
Chief Technology Officer
Legal Counsel
Business Development Manager
Research Director
Project Manager
Innovation Manager
Chief Financial Officer
Head of Operations
Technical Director
Procurement Manager
Strategic Partnerships Manager
Investment Director
Product Development Manager
Chief Information Officer
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