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Mutual Non Disclosure Agreement Form

Mutual Non Disclosure Agreement Form Template for Nigeria

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Key Requirements PROMPT example:

Mutual Non Disclosure Agreement Form

"I need a Mutual Non-Disclosure Agreement Form under Nigerian law for a potential joint venture between my tech startup and a foreign investor, to be effective from March 2025, with special emphasis on protecting our proprietary software code and customer data."

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Document background
This Mutual Non-Disclosure Agreement Form is essential for businesses and organizations operating in Nigeria who need to protect confidential information during business discussions, negotiations, or collaborations. The document is structured to comply with Nigerian legal requirements, including considerations under the Nigerian Contract Law, Freedom of Information Act 2011, and Data Protection Regulation 2019. It is particularly relevant when parties are exploring potential business relationships, conducting due diligence, engaging in joint ventures, or sharing sensitive commercial, technical, or operational information. The agreement provides comprehensive protection for both parties, ensuring that confidential information shared during business interactions remains secure and is used only for permitted purposes.
Suggested Sections

1. Parties: Identification and details of the parties entering into the agreement

2. Background: Context of the agreement and purpose for sharing confidential information

3. Definitions: Definitions of key terms including 'Confidential Information', 'Representatives', 'Permitted Purpose'

4. Confidentiality Obligations: Core obligations regarding non-disclosure and protection of confidential information

5. Permitted Disclosures: Circumstances under which confidential information may be disclosed

6. Information Security Measures: Required measures for protecting and securing confidential information

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

8. Duration and Termination: Term of the agreement and termination provisions

9. Breach and Remedies: Consequences of breach and available remedies

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

Optional Sections

1. Intellectual Property Rights: Specific provisions regarding IP rights in shared information, used when IP-sensitive information is involved

2. Data Protection Compliance: Specific obligations regarding personal data handling, required when personal data is involved

3. Non-Solicitation: Restrictions on soliciting employees or customers, used in business-sensitive contexts

4. Competitive Activities: Restrictions on competitive activities, used when discussing potential business combinations

5. Force Majeure: Provisions for unforeseen circumstances, used in long-term NDAs

6. Assignment and Succession: Rules for transferring rights under the agreement, used for corporate entities

7. Digital Security Measures: Specific provisions for digital information protection, used when sharing electronic data

Suggested Schedules

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

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

3. Schedule 3 - Security Protocols: Specific security measures and protocols to be followed

4. Appendix A - Form of Acknowledgment: Template for representatives to acknowledge confidentiality 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

Technology

Financial Services

Healthcare

Manufacturing

Oil and Gas

Telecommunications

Professional Services

Real Estate

Education

Research and Development

Pharmaceuticals

Entertainment

Media

Retail

Agriculture

Construction

Mining

Energy

Transportation

Consulting

Relevant Teams

Legal

Compliance

Business Development

Executive Leadership

Research and Development

Information Technology

Human Resources

Finance

Operations

Procurement

Corporate Affairs

Risk Management

Strategy

Investment

Innovation

Information Security

Corporate Secretariat

Mergers and Acquisitions

Relevant Roles

Chief Executive Officer

Managing Director

Legal Counsel

Business Development Manager

Chief Financial Officer

Project Manager

Research Director

Head of Innovation

Chief Technology Officer

Operations Director

Human Resources Director

Chief Information Officer

Investment Manager

Commercial Director

Procurement Manager

Strategy Consultant

Corporate Secretary

Compliance Officer

Risk Manager

Partnership Manager

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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