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NDA For Small Business

NDA For Small Business Template for Nigeria

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Key Requirements PROMPT example:

NDA For Small Business

"I need an NDA For Small Business under Nigerian law to protect my company's intellectual property when hiring a local software development contractor in January 2025; the agreement should specifically cover source code and development methodologies."

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Document background
This NDA For Small Business is essential for Nigerian small business owners who need to protect their confidential information when engaging with various stakeholders. The document is particularly relevant in Nigeria's dynamic business environment, where small businesses frequently collaborate with partners, contractors, and service providers. It addresses the specific needs of small businesses while ensuring compliance with Nigerian legal requirements, including the Companies and Allied Matters Act (CAMA) 2020 and the Nigerian Data Protection Regulation. The agreement covers various types of confidential information, from trade secrets and business plans to customer data and proprietary processes, providing comprehensive protection while remaining straightforward enough for practical business use.
Suggested Sections

1. Parties: Identification of the parties entering into the NDA, including their registered addresses and company details

2. Background: Context of the agreement and purpose for sharing confidential information

3. Definitions: Clear definitions of key terms, especially 'Confidential Information', 'Permitted Purpose', and other relevant terms

4. Scope of Confidentiality: Detailed description of what constitutes confidential information and exclusions

5. Obligations of Receiving Party: Core confidentiality obligations, including protection, non-use, and non-disclosure requirements

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

7. Term and Survival: Duration of the agreement and which obligations survive termination

8. Return or Destruction of Information: Requirements for handling confidential information upon termination or request

9. Breach and Remedies: Consequences of breach and available remedies under Nigerian law

10. General Provisions: Standard clauses including governing law, jurisdiction, and entire agreement

Optional Sections

1. Non-Solicitation: Prevents poaching of employees or clients, recommended when sharing sensitive business relationship information

2. Data Protection Compliance: Specific provisions for compliance with NDPR 2019, necessary when personal data is involved

3. Intellectual Property Rights: Additional provisions protecting IP rights, important when sharing technical or creative information

4. Security Measures: Specific requirements for information security, recommended for digital assets or highly sensitive data

5. Exit Procedures: Detailed processes for project conclusion, useful for longer-term business relationships

6. Dispute Resolution: Alternative dispute resolution procedures, recommended for higher-value relationships

Suggested Schedules

1. Schedule 1: Description of Confidential Information: Detailed list or categories of confidential information covered by the agreement

2. Schedule 2: Authorized Representatives: Named individuals authorized to receive and handle confidential information

3. Schedule 3: Security Protocols: Optional schedule detailing specific security measures required for protecting the confidential information

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

Retail

Technology

Manufacturing

Professional Services

Food and Beverage

Agriculture

Healthcare

Education

Financial Services

Construction

Real Estate

E-commerce

Logistics

Telecommunications

Energy

Media and Entertainment

Relevant Teams

Legal

Human Resources

Executive Leadership

Operations

Business Development

Finance

Procurement

Information Technology

Sales

Administration

Compliance

Research and Development

Relevant Roles

Business Owner

Managing Director

CEO

Operations Manager

Project Manager

Business Development Manager

Legal Counsel

HR Manager

Finance Manager

Procurement Officer

IT Manager

Sales Manager

Administrative Officer

Compliance Officer

Partnership 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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