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Basic NDA
"I need a Basic NDA for a potential business partnership with a software development company, where we'll be sharing product roadmaps and technical specifications, starting from March 2025."
1. Parties: Identification of the disclosing and receiving parties, including their legal names and addresses
2. Background: Context and purpose of the NDA, explaining why the parties are entering into this agreement
3. Definitions: Key terms including 'Confidential Information', 'Representatives', 'Purpose' and other relevant definitions
4. Confidentiality Obligations: Core obligations regarding protection and non-disclosure of confidential information
5. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to representatives and legal requirements
6. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
7. Return of Information: Requirements for returning or destroying confidential information upon termination or request
8. General Provisions: Standard legal provisions including governing law, jurisdiction, and entire agreement
1. Non-Solicitation: Optional clause preventing poaching of employees or clients, typically used when sharing sensitive business relationship information
2. Non-Competition: Optional clause restricting competitive activities, used when sharing highly sensitive business information or trade secrets
3. Residual Knowledge: Optional clause addressing use of remembered information, particularly relevant in technology or creative industry NDAs
4. Data Protection: Optional clause addressing specific requirements for handling personal data, used when confidential information includes personal information
1. Schedule 1 - Description of Confidential Information: Detailed list or categories of specific confidential information covered by the agreement
2. Schedule 2 - Authorized Representatives: List of individuals or roles authorized to receive and handle confidential information
3. Schedule 3 - Security Procedures: Specific procedures and protocols for handling and protecting confidential information
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