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Due Diligence Access Agreement Template for Australia

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Key Requirements PROMPT example:

Due Diligence Access Agreement

"I need a Due Diligence Access Agreement for a potential acquisition in the Australian mining sector, where we'll need strict clean team provisions and specific protocols for handling geological data and mining licenses, with the due diligence period starting March 2025."

Document background
The Due Diligence Access Agreement is a crucial document used in Australian corporate transactions where one party needs to review confidential information of another party, typically in the context of mergers, acquisitions, investments, or significant commercial arrangements. This agreement sets out the terms under which the receiving party can access and use the confidential information, including specific provisions for data rooms, clean teams (if required), and handling of sensitive commercial and personal information. It incorporates requirements from Australian privacy laws, corporations laws, and competition laws, making it suitable for both domestic and cross-border transactions. The agreement is designed to protect the disclosing party's interests while facilitating necessary information sharing for transaction evaluation.
Suggested Sections

1. Parties: Identification of the disclosing party, receiving party, and any relevant related entities

2. Background: Context of the proposed transaction and purpose of due diligence

3. Definitions: Key terms including Confidential Information, Due Diligence Materials, Permitted Purpose, Representatives

4. Access to Due Diligence Materials: Terms and conditions for accessing and reviewing due diligence materials

5. Confidentiality Obligations: Core confidentiality requirements and restrictions on use of information

6. Security and Data Protection: Requirements for securing and protecting accessed information

7. Return or Destruction of Materials: Obligations regarding the handling of materials after completion or termination

8. Representatives and Permitted Disclosures: Rules about who can access information and permitted circumstances for disclosure

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

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

11. General Provisions: Standard boilerplate clauses including governing law, notices, and entire agreement

Optional Sections

1. Clean Team Arrangements: Required when parties are competitors to restrict sensitive information to designated individuals

2. Regulatory Compliance: Needed for regulated industries or when specific regulatory obligations apply

3. Electronic Data Room Rules: Include when using virtual data room for document sharing

4. Intellectual Property Rights: Additional protection for IP-heavy transactions

5. Anti-trust/Competition Compliance: Required when parties are in the same industry or market

6. Privacy and Personal Data Handling: Include when personal data will be accessed during due diligence

7. Stand-still Provisions: Optional restrictions on share dealings or approaching employees

8. Costs and Expenses: Include when costs need to be specifically allocated between parties

Suggested Schedules

1. Authorized Personnel Schedule: List of individuals authorized to access due diligence materials

2. Due Diligence Materials: Categories or list of materials to be made available

3. Security Protocols: Detailed security requirements and procedures

4. Data Room Rules and Procedures: Specific rules and procedures for accessing and using the data room

5. Clean Team Members: List of approved clean team members if applicable

6. Confidentiality Undertaking: Form of confidentiality undertaking for representatives to sign

7. Access Request Form: Template for requesting access to specific materials or areas

Authors

Alex Denne

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

Relevant legal definitions






























Clauses




























Relevant Industries

Financial Services

Technology

Healthcare

Manufacturing

Mining and Resources

Real Estate

Retail

Professional Services

Energy

Infrastructure

Telecommunications

Education

Agriculture

Transport and Logistics

Media and Entertainment

Relevant Teams

Legal

Finance

Corporate Development

Mergers and Acquisitions

Compliance

Information Security

Risk Management

Corporate Secretariat

Business Development

Information Technology

Data Protection

Executive Leadership

Relevant Roles

Chief Executive Officer

Chief Financial Officer

General Counsel

Legal Counsel

Corporate Development Manager

Investment Director

Due Diligence Manager

Compliance Officer

Data Protection Officer

M&A Director

Transaction Manager

Chief Information Security Officer

Risk Manager

Company Secretary

Business Development 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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