A Confidentiality Agreement Between Two Companies is essential when businesses need to share sensitive information while exploring potential business relationships, partnerships, or transactions. This template is specifically designed for use under Belgian law, incorporating requirements from both national legislation and EU regulations. It should be used before commencing detailed business discussions or due diligence processes where confidential information needs to be protected. The agreement covers various types of confidential information including trade secrets, business plans, technical data, and intellectual property, while ensuring compliance with Belgian commercial law principles and EU directives. This document is particularly relevant for cross-border transactions within the EU where at least one party is based in Belgium or the parties have chosen Belgian law as the governing law.
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1. Parties: Identification of the disclosing and receiving parties, including full legal names, registration numbers, and registered addresses
2. Background: Context of the agreement, including the purpose of sharing confidential information and the nature of the business relationship
3. Definitions: Definitions of key terms, particularly 'Confidential Information', 'Representatives', 'Permitted Purpose', and other relevant terms
4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement
5. Confidentiality Obligations: Core obligations regarding the protection and non-disclosure of confidential information
6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees, advisers, and when required by law
7. Security Measures: Required security measures for protecting confidential information
8. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination or request
9. Duration and Survival: Term of the agreement and survival of obligations after termination
10. Breach and Remedies: Consequences of breach and available remedies including injunctive relief
11. General Provisions: Standard provisions including notices, amendments, governing law, and jurisdiction
1. Data Protection: Specific provisions relating to personal data processing under GDPR, required if personal data will be shared
2. Intellectual Property Rights: Provisions clarifying ownership and protection of IP rights, needed if IP-sensitive information is involved
3. Non-Solicitation: Restrictions on soliciting employees or customers, included when parties want additional business protection
4. Export Control: Provisions regarding compliance with export control laws, needed if information may be subject to export restrictions
5. Force Majeure: Provisions for extraordinary events affecting compliance, included for longer-term NDAs
6. Insurance Requirements: Obligations to maintain specific insurance coverage, included for high-value or high-risk information
7. Audit Rights: Rights to audit compliance with confidentiality obligations, included for highly sensitive information
1. Schedule 1 - Description of Confidential Information: Detailed list or categories of confidential information covered by the agreement
2. Schedule 2 - Authorized Representatives: List of authorized representatives from each party who may access confidential information
3. Schedule 3 - Security Protocols: Specific security measures and protocols required for handling confidential information
4. Appendix A - Form of Acknowledgment: Template for representatives to acknowledge confidentiality obligations
Authors
Relevant legal definitions
Clauses
Relevant Industries
Technology
Manufacturing
Professional Services
Healthcare
Financial Services
Telecommunications
Research and Development
Biotechnology
Energy
Real Estate
Construction
Retail
Automotive
Aerospace
Consulting
Relevant Teams
Legal
Executive Leadership
Business Development
Finance
Operations
Research and Development
Procurement
Compliance
Corporate Affairs
Strategy
Innovation
Commercial
Information Technology
Project Management
Relevant Roles
Chief Executive Officer
Chief Legal Officer
Legal Counsel
Business Development Manager
Chief Financial Officer
Chief Technology Officer
Project Manager
Research Director
Commercial Director
Operations Manager
Procurement Manager
Partnership Manager
Innovation Director
Strategy Director
Compliance Officer
Contract Manager
General Counsel
Corporate Secretary
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