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One Way NDA
"I need a One-Way NDA for my technology company based in Lagos to protect proprietary software information while negotiating with potential distributors, with the agreement to be effective from March 1, 2025."
1. Parties: Identification of the Disclosing Party and Receiving Party with full legal names and addresses
2. Background: Context of the disclosure relationship and purpose of the agreement
3. Definitions: Definitions of key terms including 'Confidential Information', 'Representatives', 'Purpose', and other relevant terms
4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement
5. Obligations of Confidentiality: Core confidentiality obligations of the Receiving Party
6. Permitted Disclosures: Circumstances under which confidential information may be disclosed to authorized representatives
7. Protection Measures: Security measures required to protect confidential information
8. Return or Destruction of Confidential Information: Requirements for handling confidential information upon termination or request
9. Duration of Obligations: Term of the agreement and survival of confidentiality obligations
10. Breach and Remedies: Consequences of breach and available remedies including injunctive relief
11. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for disputes
12. Entire Agreement: Standard boilerplate confirming the agreement represents the entire understanding between parties
13. Execution: Signature blocks and execution requirements
1. Permitted Purpose: Detailed section defining specific permitted uses of confidential information, recommended when the purpose is complex or needs specific limitations
2. Non-Solicitation: Prevents receiving party from soliciting employees or clients, useful when disclosure involves access to employee or client information
3. Data Protection: Additional provisions for handling personal data, necessary when confidential information includes personal data
4. Export Control: Provisions regarding international transfer of information, needed for cross-border disclosures
5. Intellectual Property Rights: Explicit protection of IP rights, recommended when confidential information includes IP-sensitive material
6. Force Majeure: Provisions for unforeseen circumstances, useful in long-term NDAs
7. Assignment: Rules regarding transfer of rights under the agreement, important for corporate transactions
1. Schedule 1 - Description of Confidential Information: Detailed list or categories of confidential information covered
2. Schedule 2 - Authorized Representatives: List of individuals or roles authorized to receive confidential information
3. Schedule 3 - Security Protocols: Specific security measures and procedures required
4. Appendix A - Form of Representative Undertaking: Template confidentiality undertaking for representatives to sign
Authors
Technology
Manufacturing
Financial Services
Healthcare
Professional Services
Energy and Natural Resources
Telecommunications
Real Estate
Consumer Goods
Education
Research and Development
Entertainment
Pharmaceutical
Construction
Agriculture
Legal
Executive Leadership
Business Development
Research and Development
Human Resources
Information Technology
Finance
Procurement
Operations
Corporate Affairs
Intellectual Property
Sales
Strategic Planning
Risk Management
Chief Executive Officer
Managing Director
Business Development Manager
Legal Counsel
Chief Technology Officer
Research Director
Project Manager
Human Resources Director
Chief Financial Officer
Procurement Manager
Investment Manager
Operations Manager
Corporate Secretary
Intellectual Property Manager
Sales Director
Strategic Partnership Manager
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