The NDA Extension Agreement is utilized when parties need to extend the duration of their existing confidentiality arrangements beyond the original term. This document type is particularly relevant when ongoing business relationships or projects require continued protection of sensitive information. The agreement, governed by Belgian law, serves to seamlessly extend the original NDA's term while providing an opportunity to update or modify terms if needed. It references the original agreement and clearly specifies any modifications, ensuring compliance with Belgian contract law and trade secrets legislation. This extension mechanism is more efficient than creating a new NDA, as it maintains the established framework while updating only necessary elements.
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1. Parties: Identification of the parties to the agreement, including their legal names, registration numbers, and addresses
2. Background: Reference to the original NDA, its date, parties, and purpose, and the reason for extending it
3. Definitions: Key terms used in the extension agreement, including references to definitions from the original NDA
4. Extension of Term: Clear specification of the new duration of the confidentiality obligations
5. Confirmation of Terms: Affirmation that all other terms and conditions of the original NDA remain in full force and effect
6. Governing Law and Jurisdiction: Confirmation that Belgian law continues to govern the agreement and jurisdiction for dispute resolution
7. Execution: Signature blocks and execution formalities under Belgian law
1. Modified Terms: Used when any terms of the original NDA need to be modified along with the extension
2. Additional Parties: Required when new parties are being added to the original NDA as part of the extension
3. Additional Confidential Information: Used when the scope of confidential information is being expanded
4. Consideration: Required when there is specific consideration for the extension
5. Compliance with GDPR: Added when confidential information includes personal data
6. Employee Acknowledgment: Required when the extension affects employee confidentiality obligations
1. Schedule 1 - Original NDA: Copy of the original Non-Disclosure Agreement being extended
2. Schedule 2 - Modified Terms: Detailed list of any terms being modified, if applicable
3. Schedule 3 - Additional Confidential Information: Description of any new categories of confidential information being added to the scope
4. Schedule 4 - New Party Details: Details of any additional parties being added to the agreement
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