This Confidentiality Agreement Between Two Companies is essential for business relationships where companies need to share sensitive or proprietary information while ensuring legal protection under Austrian law. It is commonly used during business negotiations, joint ventures, potential mergers or acquisitions, supplier relationships, or any strategic collaboration requiring the exchange of confidential information. The agreement incorporates requirements from the Austrian Civil Code (ABGB), Commercial Code (UGB), and Trade Secrets Act, while also addressing EU regulations such as GDPR where relevant. It provides comprehensive protection for trade secrets, technical knowledge, customer data, and other proprietary information, setting clear guidelines for information handling, permitted uses, and consequences of breach. This document is particularly crucial in the initial stages of business relationships or during due diligence processes.
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1. Parties: Identification of the contracting companies, including full legal names, registration numbers, and registered addresses
2. Background: Context of the agreement and purpose of sharing confidential information
3. Definitions: Clear definitions of key terms, especially 'Confidential Information', 'Representatives', 'Permitted Purpose'
4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement
5. Obligations of Confidentiality: Core confidentiality obligations, including handling, protection, and non-disclosure requirements
6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees, advisors, or as required by law
7. Security Measures: Required security measures for protecting confidential information
8. Return or Destruction of Confidential Information: Procedures for handling confidential information upon termination or request
9. Duration and Termination: Term of the agreement and survival of obligations
10. Breach and Remedies: Consequences of breach and available remedies including injunctive relief
11. General Provisions: Standard clauses including notices, amendments, severability, and governing law
12. Execution: Signature blocks and execution requirements
1. Data Protection Compliance: Specific provisions addressing GDPR and DSG compliance when personal data is involved
2. Intellectual Property Rights: Clarification of IP ownership and rights when confidential information includes IP
3. Non-Solicitation: Restrictions on soliciting employees or customers, if relevant to the business relationship
4. Export Control: Provisions addressing export control regulations when applicable to the shared information
5. Competitive Activities: Restrictions on competitive activities, if relevant to the business relationship
6. Insurance Requirements: Specific insurance requirements for handling confidential information
7. Audit Rights: Rights to audit compliance with confidentiality obligations
8. Force Majeure: Provisions for handling confidential information during force majeure events
1. Schedule 1 - Categories of Confidential Information: Detailed list of specific types of confidential information covered
2. Schedule 2 - Authorized Representatives: List of authorized personnel who may access confidential information
3. Schedule 3 - Security Protocols: Detailed security measures and protocols for handling confidential information
4. Schedule 4 - Approved Subcontractors: List of approved third parties who may receive confidential information
5. Appendix A - Notice Requirements: Specific procedures and contact details for required notices
6. Appendix B - Data Processing Terms: Additional terms for GDPR compliance when personal data is involved
Relevant legal definitions
Clauses
Relevant Industries
Technology and Software
Manufacturing
Professional Services
Financial Services
Healthcare and Pharmaceuticals
Energy and Utilities
Telecommunications
Research and Development
Consulting
Engineering
Retail and Consumer Goods
Media and Entertainment
Biotechnology
Automotive
Real Estate and Construction
Education and Training
Relevant Teams
Legal
Compliance
Business Development
Research and Development
Information Technology
Procurement
Executive Leadership
Strategy
Operations
Finance
Human Resources
Information Security
Corporate Communications
Risk Management
Innovation
Commercial
Relevant Roles
Chief Executive Officer
Chief Legal Officer
General Counsel
Legal Director
Business Development Manager
Chief Technology Officer
Project Manager
Research Director
Chief Financial Officer
Procurement Manager
Commercial Director
Head of Strategy
Innovation Manager
Operations Director
Chief Information Officer
Head of Partnerships
Contract Manager
Corporate Secretary
Compliance Officer
Risk Manager
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