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Non Disclosure Agreement For Product Development Template for Hong Kong

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Key Requirements PROMPT example:

Non Disclosure Agreement For Product Development

"I need a Non Disclosure Agreement For Product Development governed by Hong Kong law to protect our AI software development project with an external technology consultant, who will start working with us from January 2025; the agreement should specifically cover machine learning algorithms and training data."

Document background
The Non-Disclosure Agreement For Product Development is essential when companies engage in collaborative product development activities where sensitive technical, design, or business information needs to be shared. This agreement, governed by Hong Kong law, provides a legal framework for protecting confidential information exchanged during the development process, including technical specifications, prototypes, designs, manufacturing processes, and related intellectual property. It is particularly relevant in Hong Kong's dynamic business environment, where many companies engage in cross-border product development activities. The document incorporates provisions that align with Hong Kong's common law system and relevant ordinances, including those relating to intellectual property protection, data privacy, and trade secrets. It is commonly used before commencing joint development projects, during technological collaborations, or when engaging external contractors for product development work.
Suggested Sections

1. Parties: Identification of the disclosing and receiving parties

2. Background: Context of the product development relationship and purpose of the NDA

3. Definitions: Definitions of key terms including 'Confidential Information', 'Product', 'Development Activities', and 'Authorized Purpose'

4. Scope of Confidential Information: Detailed description of what constitutes confidential information in the context of the product development

5. Obligations of Confidentiality: Core confidentiality obligations, including use restrictions and standard of care

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed to employees, advisors, etc.

7. Security Measures: Required security measures for protecting confidential information

8. Return or Destruction of Confidential Information: Obligations regarding the return or destruction of confidential information

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

10. Survival: Obligations that continue after termination

11. Remedies: Available remedies in case of breach, including injunctive relief

12. General Provisions: Standard boilerplate clauses including governing law, jurisdiction, entire agreement, etc.

Optional Sections

1. Cross-Border Transfers: Provisions for handling confidential information across different jurisdictions

2. Intellectual Property Rights: Provisions clarifying ownership of any IP created during product development

3. Data Protection Compliance: Specific provisions for compliance with data protection laws when personal data is involved

4. Parent Company Guarantee: Guarantees from parent companies if parties are subsidiaries

5. Non-Competition: Restrictions on competing activities during the confidentiality period

6. Non-Solicitation: Restrictions on soliciting employees or customers

7. Force Majeure: Provisions for handling unforeseen circumstances affecting confidentiality obligations

8. Insurance Requirements: Specific insurance requirements for protecting against data breaches or losses

Suggested Schedules

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

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

3. Schedule 3 - Security Protocols: Detailed security procedures and requirements

4. Schedule 4 - Pre-existing IP: List of any pre-existing intellectual property rights

5. Schedule 5 - Approved Subcontractors: List of approved subcontractors who may access confidential information

6. Appendix A - Form of Confidentiality Undertaking: Template confidentiality agreement for employees or subcontractors

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

Technology

Manufacturing

Electronics

Consumer Goods

Medical Devices

Automotive

Aerospace

Biotechnology

Software Development

Industrial Design

Telecommunications

Internet of Things

Artificial Intelligence

Robotics

Clean Technology

Smart Devices

Relevant Teams

Legal

Research and Development

Product Development

Design

Engineering

Innovation

Manufacturing

Quality Assurance

Project Management

Procurement

Technical Operations

Intellectual Property

Compliance

Corporate Development

Relevant Roles

Product Manager

Chief Technology Officer

Research and Development Director

Design Engineer

Project Manager

Industrial Designer

Technical Lead

Innovation Manager

Manufacturing Engineer

Legal Counsel

Intellectual Property Manager

Development Engineer

Chief Innovation Officer

Product Design Manager

Procurement Manager

Quality Assurance Manager

Technical Director

Contract 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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