Non Disclosure Agreement Price

Non Disclosure Agreement Price Template for England and Wales

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Key Requirements PROMPT example:

"I need a Non Disclosure Agreement Price to protect sensitive pricing information that we'll be sharing with a potential distributor in March 2025, specifically covering our wholesale pricing structure and volume discount models for the European market."

Document background

The Non Disclosure Agreement Price is essential in modern business transactions where parties need to share sensitive pricing information while maintaining confidentiality. This document, governed by English and Welsh law, is commonly used during merger discussions, vendor negotiations, or strategic partnerships where detailed pricing structures, cost models, or financial terms need to be disclosed. It provides specific provisions for protecting price-sensitive information, including storage requirements, authorized access, and destruction protocols. The agreement helps businesses maintain their competitive advantage while facilitating necessary business discussions.

Suggested Sections

1. Parties: Identification of the disclosing and receiving parties

2. Background: Context and purpose of the NDA

3. Definitions: Key terms including 'Confidential Information', 'Purpose', 'Representatives'

4. Confidentiality Obligations: Core obligations regarding use and protection of confidential information

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

6. Return of Information: Obligations regarding return or destruction of confidential information

Optional Sections

1. Permitted Disclosures: Specific circumstances where disclosure is allowed - use when certain disclosures need to be pre-approved

2. Security Measures: Specific security requirements for protecting information - use when dealing with highly sensitive information

3. Non-Solicitation: Restrictions on hiring other party's employees - use when protecting against employee poaching

4. Governing Law and Jurisdiction: Choice of law and jurisdiction for disputes - use when parties are in different jurisdictions

Suggested Schedules

1. Description of Confidential Information: Detailed list or categories of confidential information covered

2. Authorized Representatives: List of individuals authorized to receive confidential information

3. Security Protocols: Specific security measures and procedures to be followed

4. Permitted Purpose: Detailed description of the permitted use of confidential information

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 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
Professional Services
Retail
Financial Services

Relevant Teams

Finance
Legal
Sales
Procurement
Business Development

Relevant Roles

Chief Financial Officer
Pricing Manager
Business Development Manager
Procurement Manager
Sales Director

Industries

Common Law Contract Principles: Fundamental principles of contract formation, including offer, acceptance, consideration, and intention to create legal relations under English common law

Contracts (Rights of Third Parties) Act 1999: Legislation governing how third parties may enforce terms of a contract to which they are not directly a party

Misrepresentation Act 1967: Law dealing with false statements made during contract negotiation that induce parties to enter into contracts

UK General Data Protection Regulation: Post-Brexit UK adaptation of GDPR governing the processing and protection of personal data

Data Protection Act 2018: UK's implementation of data protection standards, working alongside UK GDPR

Privacy and Electronic Communications Regulations: Regulations governing privacy in electronic communications

Trade Secrets (Enforcement, etc.) Regulations 2018: UK regulations protecting against the unlawful acquisition, use and disclosure of trade secrets

Trade Marks Act 1994: Legislation governing the registration and protection of trademarks in the UK

Patents Act 1977: Law governing the registration and protection of patents in the UK

Employment Rights Act 1996: Legislation governing employment rights and responsibilities, relevant when NDAs involve employees

Equality Act 2010: Law protecting against discrimination and promoting equality, relevant for ensuring NDAs don't violate protected rights

Competition Act 1998: Legislation ensuring NDAs don't create anti-competitive conditions or restrict trade unfairly

Enterprise Act 2002: Law governing business competition and market regulation, relevant for ensuring NDAs don't create market restrictions

Human Rights Act 1998: Legislation protecting fundamental rights including freedom of expression, which must be balanced against confidentiality obligations

Public Interest Disclosure Act 1998: Whistleblowing legislation ensuring NDAs cannot prevent disclosure of information in the public interest

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Authors

Alex Denne

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