Non Disclosure And Non Solicitation Agreement

Non Disclosure And Non Solicitation Agreement Template for Nigeria

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Key Requirements PROMPT example:

"I need a Non Disclosure And Non Solicitation Agreement for my Nigerian tech startup that will be sharing our proprietary software architecture with potential investors in March 2025, with special emphasis on protecting our AI algorithms and preventing them from hiring our development team."

Document background

The Non Disclosure And Non Solicitation Agreement is essential for businesses operating in Nigeria who need to protect their confidential information and maintain business stability. This document is particularly relevant when sharing sensitive business information during negotiations, partnerships, or employment relationships, while also preventing the receiving party from poaching employees, customers, or business relationships. The agreement must comply with Nigerian legal requirements, including the Contract Act, Labour Act, and Federal Competition and Consumer Protection Act 2018. It is commonly used in business transactions, potential partnerships, employment situations, and consulting arrangements where proprietary information needs protection and business relationships need to be safeguarded.

Suggested Sections

1. Parties: Identifies and defines the parties entering into the agreement, including their legal names, addresses, and company registration details if applicable

2. Background: Sets out the context of the agreement, including the nature of the business relationship and purpose of sharing confidential information

3. Definitions: Defines key terms used throughout the agreement, particularly 'Confidential Information', 'Permitted Purpose', and 'Representatives'

4. Confidentiality Obligations: Details the core obligations regarding protection and non-disclosure of confidential information

5. Non-Solicitation Provisions: Specifies restrictions on soliciting employees, customers, or business relationships

6. Permitted Disclosures: Outlines circumstances under which confidential information may be disclosed, including legal requirements and authorized recipients

7. Security Measures: Specifies required measures for protecting confidential information

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

9. Duration and Survival: Specifies the term of the agreement and which provisions survive termination

10. Breach and Remedies: Details consequences of breach and available remedies

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

Optional Sections

1. Intellectual Property Rights: Additional provisions protecting IP rights when confidential information includes IP - used when sharing technical information or trade secrets

2. Data Protection Compliance: Specific provisions regarding personal data protection - required when confidential information includes personal data

3. Non-Competition: Additional restrictions on competitive activities - used in more comprehensive agreements with business partners

4. Representatives and Third Parties: Detailed provisions regarding disclosure to and obligations of employees and agents - important for corporate recipients

5. Export Control: Provisions regarding international transfer of information - needed when parties are in different jurisdictions

6. Reverse Engineering Prohibition: Specific prohibition on reverse engineering products or technology - used for technical or product-related information

Suggested Schedules

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

2. Schedule 2: Authorized Recipients: List of individuals or roles authorized to receive confidential information

3. Schedule 3: Security Protocols: Specific security measures and protocols required for protecting confidential information

4. Schedule 4: Non-Solicitation Restrictions: Detailed scope of non-solicitation provisions, including specific entities or categories protected

5. Appendix A: Form of Confidentiality Undertaking: Template confidentiality agreement for authorized recipients or representatives

6. Appendix B: Data Handling Procedures: Specific procedures for handling, storing, and destroying 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

Technology

Manufacturing

Financial Services

Healthcare

Telecommunications

Oil and Gas

Professional Services

Real Estate

Education

Retail

Agriculture

Mining

Construction

Entertainment

Pharmaceutical

Relevant Teams

Legal

Human Resources

Executive Leadership

Business Development

Operations

Procurement

Research and Development

Information Technology

Finance

Compliance

Administrative

Strategy

Corporate Development

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Legal Counsel

Human Resources Director

Business Development Manager

Project Manager

Chief Technology Officer

Chief Financial Officer

Procurement Manager

Operations Director

Research and Development Director

Investment Manager

Compliance Officer

Contract Manager

Department Head

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