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Confidentiality And Nondisclosure Agreement Form
"I need a Confidentiality and Nondisclosure Agreement Form under Pakistani law for a technology startup sharing sensitive AI algorithms with potential investors, with specific provisions for protecting source code and technical documentation."
1. Parties: Identification of the disclosing and receiving parties, including full legal names, addresses, and registration details if companies
2. Background: Context of the agreement, purpose of sharing confidential information, and nature of the business relationship
3. Definitions: Clear definitions of 'Confidential Information', 'Trade Secrets', 'Permitted Purpose', and other key terms used in the agreement
4. Scope of Confidentiality: Detailed description of what constitutes confidential information and what is excluded
5. Obligations of Receiving Party: Core confidentiality obligations, including protection measures, non-use, non-disclosure, and return of information
6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees, advisors, or as required by law
7. Term and Survival: Duration of the agreement and which obligations survive termination
8. Return or Destruction of Confidential Information: Procedures for handling confidential information upon termination or request
9. Breach and Remedies: Consequences of breach, including remedies and indemnification
10. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction for disputes
1. Non-Solicitation: Prohibits solicitation of employees or customers, included when there's risk of poaching
2. Non-Competition: Restricts competitive activities, used when sharing highly sensitive business information
3. Data Protection Compliance: Specific provisions for handling personal data, needed when personal information is involved
4. Intellectual Property Rights: Clarifies ownership and rights over any IP disclosed or created, important for technology-related NDAs
5. Securities Law Compliance: Required when sharing information that could affect stock prices of listed companies
6. Export Control: Necessary when confidential information is subject to international trade restrictions
7. Force Majeure: Addresses unforeseen circumstances affecting compliance, optional but recommended
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 and handle confidential information
3. Schedule 3: Security Protocols: Specific security measures and procedures for handling confidential information
4. Appendix A: Acknowledgment Form: Form for employees or subcontractors to acknowledge confidentiality obligations
5. Appendix B: Information Return Certificate: Certificate confirming return or destruction of confidential information
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