A 3 Way NDA is utilized when three distinct parties need to share sensitive information in a mutually protective environment. This document, governed by English and Welsh law, is particularly relevant for joint ventures, mergers, or complex business transactions where multiple parties need to exchange confidential information. The agreement defines what constitutes confidential information, establishes clear obligations for all parties, and provides legal protection for intellectual property and trade secrets. It's especially useful in situations where traditional bilateral NDAs would be insufficient due to the triangular nature of information flow.
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1. Parties: Identification and details of all three parties to the agreement
2. Background: Context of the agreement and relationship between the three parties
3. Definitions: Key terms including Confidential Information, Permitted Purpose, and other relevant definitions
4. Confidentiality Obligations: Core obligations regarding handling and protection of confidential information
5. Permitted Disclosures: Circumstances and conditions under which disclosure is permitted
6. Term and Termination: Duration of the agreement and circumstances for termination
7. Return of Confidential Information: Obligations regarding return or destruction of confidential information upon termination
1. Data Protection: Provisions for handling personal data under UK GDPR and Data Protection Act 2018
2. Intellectual Property Rights: Provisions regarding ownership and usage rights of intellectual property
3. Non-Competition: Restrictions on competitive activities between the parties
1. Schedule 1 - Description of Confidential Information: Detailed categorization and list of information covered by the NDA
2. Schedule 2 - Permitted Purpose: Detailed description of allowed uses of confidential information
3. Schedule 3 - Authorized Representatives: List of individuals authorized to receive and handle confidential information
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
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