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Buyer Confidentiality Agreement

Buyer Confidentiality Agreement Template for Germany

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Key Requirements PROMPT example:

Buyer Confidentiality Agreement

"I need a Buyer Confidentiality Agreement under German law for a potential acquisition of a software company, with strong GDPR compliance provisions and specific clauses about source code protection, to be used in March 2025."

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Document background
The Buyer Confidentiality Agreement is a crucial document used in the initial stages of potential business acquisitions, investments, or similar transactions under German law. It is typically executed before detailed negotiations or due diligence processes begin, when a potential buyer requires access to sensitive business information. The agreement ensures compliance with German legal requirements, including the Geschäftsgeheimnisgesetz (Trade Secrets Act), Bürgerliches Gesetzbuch (Civil Code), and data protection regulations. It defines the scope of confidential information, establishes clear obligations for information handling, and includes specific provisions for breach remedies that align with German legal principles. This document is essential for protecting the disclosing party's interests while enabling necessary information sharing for transaction evaluation.
Suggested Sections

1. Parties: Identification of the disclosing party (typically seller) and receiving party (buyer), including full legal names and addresses

2. Background: Context of the potential transaction and purpose of sharing confidential information

3. Definitions: Key terms including 'Confidential Information', 'Permitted Purpose', 'Authorized Recipients', and 'Affiliate'

4. Scope of Confidential Information: Detailed description of what constitutes confidential information and any specific exclusions

5. Confidentiality Obligations: Core obligations regarding use, protection, and non-disclosure of confidential information

6. Permitted Disclosures: Circumstances under which confidential information may be shared with authorized recipients

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

8. Return or Destruction: Obligations regarding the return or destruction of confidential information upon request or termination

9. Duration and Survival: Term of the agreement and surviving obligations

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

11. Governing Law and Jurisdiction: Specification of German law as governing law and jurisdiction for disputes

Optional Sections

1. Data Protection Compliance: Specific provisions for GDPR compliance when personal data is involved in the confidential information

2. Non-Solicitation: Restrictions on soliciting employees or customers, included when there's specific risk of talent or customer poaching

3. Specific Transaction Provisions: Additional provisions related to the potential transaction, included when there's a specific transaction in view

4. Standstill Provisions: Restrictions on acquiring company shares or assets, included for public companies or when specifically requested

5. Industry-Specific Provisions: Additional provisions required for specific industries (e.g., financial services, healthcare)

6. Anti-Trust Compliance: Specific provisions for compliance with competition laws, included when dealing with competitors or in regulated industries

Suggested Schedules

1. Schedule 1 - Authorized Recipients: List of individuals or categories of persons authorized to receive confidential information

2. Schedule 2 - Security Protocols: Detailed security measures and protocols for handling confidential information

3. Schedule 3 - Data Processing Terms: Detailed GDPR-compliant data processing terms if personal data is involved

4. Appendix A - Description of Potential Transaction: Detailed description of the transaction being considered, if applicable

5. Appendix B - Specific Categories of Confidential Information: Detailed list of specific types of confidential information covered

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 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




























Clauses




























Relevant Industries

Manufacturing

Technology

Financial Services

Healthcare

Real Estate

Retail

Professional Services

Energy

Telecommunications

Automotive

Chemical Industry

Construction

Media and Entertainment

Logistics and Transportation

Relevant Teams

Legal

Corporate Development

Mergers & Acquisitions

Finance

Strategy

Compliance

Risk Management

Executive Leadership

Business Development

Information Security

Data Protection

Relevant Roles

Chief Executive Officer

Chief Financial Officer

General Counsel

Legal Counsel

Corporate Development Manager

M&A Director

Due Diligence Manager

Investment Manager

Business Development Director

Strategy Director

Risk Manager

Compliance Officer

Data Protection Officer

Corporate Secretary

Investment Banker

Transaction Advisory 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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