This Reciprocal Non Disclosure Agreement is designed for situations where two parties need to share confidential information with each other in the context of business discussions, negotiations, or collaborative projects. The agreement, governed by Danish law, ensures mutual protection of sensitive information including but not limited to trade secrets, technical data, business strategies, and intellectual property. It complies with Danish legal requirements, including the Danish Trade Secrets Act and relevant EU regulations such as GDPR where applicable. The document is particularly suitable for initial business discussions, due diligence processes, joint ventures, or any situation where bilateral exchange of confidential information is anticipated.
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Key Requirements PROMPT example:
Reciprocal Non Disclosure Agreement
I need a Reciprocal Non Disclosure Agreement under Danish law for a potential joint venture between my tech company and a manufacturing partner, with specific provisions for protecting software source code and manufacturing processes, to be effective from March 2025.
1. Parties: Identification of the parties entering into the NDA, including full legal names and addresses
2. Background: Context of the agreement and purpose for sharing confidential information
3. Definitions: Key terms including 'Confidential Information', 'Representatives', 'Permitted Purpose'
4. Confidentiality Obligations: Core mutual obligations regarding protection and non-disclosure of confidential information
5. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to representatives and professional advisors
6. Information Security Measures: Required procedures and standards for protecting confidential information
7. Return or Destruction of Information: Obligations regarding handling of confidential information upon request or termination
8. Term and Termination: Duration of the agreement and termination provisions
9. Survival: Obligations that continue after termination
10. Governing Law and Jurisdiction: Specification of Danish law and jurisdiction for dispute resolution
1. Data Protection: Specific provisions for handling personal data under GDPR - include when confidential information may include personal data
2. Intellectual Property: Provisions clarifying IP ownership and rights - include when confidential information includes IP-sensitive material
3. Non-Solicitation: Restrictions on soliciting employees or customers - include when parties have access to sensitive relationship information
4. Assignment: Rights to assign the agreement - include when parties may undergo corporate changes
5. Prior Agreements: Relationship to existing confidentiality obligations - include when parties have prior NDAs
6. Severability: Provisions for partial invalidity - include in complex agreements
7. Injunctive Relief: Right to seek immediate court intervention - include when immediate enforcement may be necessary
1. Description of Permitted Purpose: Detailed description of the specific purpose for which confidential information may be used
2. Categories of Confidential Information: Specific types of confidential information covered by the agreement
3. Security Protocols: Detailed information security requirements and procedures
4. Authorized Representatives: List of individuals or roles authorized to receive confidential information
5. Notice Details: Contact information and procedures for serving notices under the agreement
Authors
Relevant legal definitions
Clauses
Relevant Industries
Technology
Manufacturing
Professional Services
Healthcare
Financial Services
Education
Research & Development
Retail
Construction
Energy
Telecommunications
Biotechnology
Consulting
Real Estate
Media & Entertainment
Relevant Teams
Legal
Business Development
Executive Leadership
Research & Development
Operations
Procurement
Sales
Strategy
Innovation
Finance
Information Technology
Product Development
Corporate Development
Compliance
Intellectual Property
Relevant Roles
Chief Executive Officer
Business Development Manager
Legal Counsel
Chief Legal Officer
Chief Technology Officer
Project Manager
Research Director
Head of Strategy
Chief Operating Officer
Innovation Manager
Partnership Manager
Procurement Manager
Contract Manager
Head of Sales
Chief Financial Officer
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