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Business Non Disclosure Agreement

Business Non Disclosure Agreement Template for India

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Key Requirements PROMPT example:

Business Non Disclosure Agreement

"I need a Business Non Disclosure Agreement governed by Indian law for a software development partnership between my IT company and a potential offshore development partner, with special emphasis on source code protection and data security compliance."

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Document background
A Business Non Disclosure Agreement (NDA) is essential for protecting confidential information in commercial relationships under Indian law. This document is typically used when companies engage in business discussions, negotiations, joint ventures, or any situation where sensitive information needs to be shared. It provides legal protection under the Indian Contract Act, 1872, and related legislation, ensuring that proprietary information, trade secrets, technical data, and business strategies remain confidential. The agreement is particularly crucial in India's growing business ecosystem, where intellectual property protection and data security are increasingly important. It includes specific provisions for information handling, permitted disclosures, and remedies aligned with Indian legal requirements and business practices.
Suggested Sections

1. Parties: Identification of all parties to the agreement, including registered addresses and company details

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

3. Definitions: Detailed definitions of key terms, especially 'Confidential Information', 'Permitted Purpose', and 'Representatives'

4. Disclosure and Use of Confidential Information: Core obligations regarding how confidential information can be shared and used

5. Obligations of the Receiving Party: Specific duties including protection standards, non-disclosure commitments, and internal controls

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees and professional advisors

7. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination or request

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

9. Breach and Remedies: Consequences of breach and available remedies including injunctive relief

10. General Provisions: Standard clauses including governing law, jurisdiction, amendments, and notices

Optional Sections

1. Intellectual Property Rights: Specific provisions regarding IP ownership and licenses - used when confidential information includes IP assets

2. Data Protection Compliance: Additional provisions for compliance with data protection laws - used when personal data is involved

3. Non-Solicitation: Restrictions on hiring or soliciting employees - used in cases where parties will have significant exposure to each other's staff

4. Non-Competition: Restrictions on competing activities - used when sharing highly sensitive business information

5. Security Requirements: Specific security protocols for handling information - used for highly sensitive data or regulatory requirements

6. Export Control: Compliance with export control laws - used when dealing with regulated technologies or international transfers

7. Force Majeure: Provisions for unforeseen circumstances - used in long-term NDAs or high-risk situations

Suggested Schedules

1. Schedule 1 - Description of Confidential Information: Detailed list or categories of information covered by the NDA

2. Schedule 2 - Authorized Representatives: List of individuals authorized to receive and handle confidential information

3. Schedule 3 - Security Protocols: Specific security measures and procedures for handling confidential information

4. Schedule 4 - Permitted Purpose: Detailed description of the business purpose for which confidential information may be used

5. Appendix A - Form of Acknowledgment: Template for additional parties or representatives to acknowledge NDA obligations

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























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Relevant Industries

Information Technology

Manufacturing

Pharmaceuticals

Biotechnology

Financial Services

Professional Services

Healthcare

Telecommunications

Research and Development

E-commerce

Automotive

Aerospace

Energy

Consumer Goods

Education

Relevant Teams

Legal

Business Development

Research and Development

Executive Leadership

Procurement

Information Technology

Operations

Finance

Human Resources

Compliance

Strategic Planning

Product Development

Corporate Communications

Innovation

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Business Development Manager

Project Manager

Research Director

Technical Lead

Procurement Manager

Chief Technology Officer

Chief Financial Officer

Operations Director

Legal Counsel

Contract Manager

Strategic Partnership Manager

Innovation Manager

Compliance Officer

Human Resources 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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