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Product Development Non Disclosure Agreement

Product Development Non Disclosure Agreement Template for New Zealand

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Key Requirements PROMPT example:

Product Development Non Disclosure Agreement

"I need a Product Development Non Disclosure Agreement under New Zealand law for my software company that's partnering with an AI chip manufacturer to develop a new processing unit, with strong IP protection clauses and specific technical information handling protocols."

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Document background
This Product Development Non Disclosure Agreement is essential for businesses and organizations engaging in collaborative product development activities in New Zealand. It should be used whenever parties need to share sensitive technical, commercial, or proprietary information during the product development process. The agreement incorporates specific provisions aligned with New Zealand's legal framework, including the Contract and Commercial Law Act 2017, Privacy Act 2020, and intellectual property legislation. It provides comprehensive protection for confidential information while enabling necessary information sharing for product development. The document is particularly crucial in scenarios involving innovative technologies, new product designs, or unique methodologies where protecting intellectual property and maintaining competitive advantage is paramount.
Suggested Sections

1. Parties: Identification of the disclosing party (typically the product owner/developer) and receiving party, including full legal names and registered addresses

2. Background: Context of the agreement, stating the product development project and the need to share confidential information

3. Definitions: Key terms including 'Confidential Information', 'Product', 'Development Project', 'Permitted Purpose', and other relevant definitions

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

5. Obligations of Receiving Party: Core confidentiality obligations, including protection measures and restrictions on use

6. Permitted Disclosures: Circumstances under which confidential information may be shared with employees, contractors, or advisors

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

8. Return or Destruction of Confidential Information: Requirements for handling confidential information upon project completion or termination

9. Intellectual Property Rights: Confirmation that no IP rights are transferred and ownership provisions

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

Optional Sections

1. Security Measures: Specific technical and organizational measures required for protecting confidential information, particularly relevant for digital products or sensitive technical information

2. Third Party Disclosure: Additional provisions for cases where third-party contractors or service providers need to be involved in the product development

3. Non-Competition: Restrictions on competing activities, used when the product development involves unique market opportunities

4. Non-Solicitation: Prevents poaching of employees or clients, relevant when parties have access to each other's key personnel or customer information

5. Publicity and Announcements: Controls on public communications about the project, important for high-profile or market-sensitive products

6. Insurance Requirements: Specific insurance obligations, relevant for high-value or high-risk product development projects

Suggested Schedules

1. Schedule 1: Description of Product: Detailed description of the product under development, including technical specifications and scope

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

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

4. Appendix A: Confidential Information Categories: Detailed categorization of different types of confidential information covered

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

Technology

Manufacturing

Software Development

Biotechnology

Consumer Electronics

Medical Devices

Automotive

Aerospace

Industrial Design

Pharmaceutical

Clean Technology

Telecommunications

Internet of Things

Artificial Intelligence

Robotics

Relevant Teams

Legal

Research and Development

Product Development

Engineering

Design

Innovation

Project Management

Intellectual Property

Technical Operations

Business Development

Relevant Roles

Product Manager

Chief Technology Officer

Research and Development Director

Innovation Manager

Project Manager

Legal Counsel

Intellectual Property Lawyer

Design Engineer

Product Designer

Development Engineer

Technical Director

Chief Executive Officer

Operations Manager

Procurement Manager

Business Development 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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