The Non-Disclosure Non-Circumvention Agreement (NDNCA) is essential in Hong Kong's dynamic business environment where protection of confidential information and business relationships is paramount. This document is typically used when parties need to share sensitive information during business discussions, negotiations, or potential partnerships, while ensuring that the receiving party neither discloses the information nor bypasses the disclosing party in related business opportunities. The agreement is particularly relevant in Hong Kong's competitive market where businesses often act as intermediaries or facilitators in international transactions. It combines the traditional elements of confidentiality protection with specific provisions preventing circumvention of business relationships, making it especially valuable for protecting business opportunities, customer relationships, and strategic partnerships. The document must comply with Hong Kong's common law system and relevant statutory requirements, including provisions for effective enforcement and remedies.
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1. Parties: Identification and details of the parties entering into the agreement
2. Background: Context of the agreement, including the purpose of sharing confidential information and the business relationship
3. Definitions: Definitions of key terms including 'Confidential Information', 'Permitted Purpose', 'Representatives', and 'Circumvention'
4. Confidentiality Obligations: Core obligations regarding the protection, use, and non-disclosure of confidential information
5. Non-Circumvention Obligations: Obligations not to bypass or circumvent the disclosing party in business dealings
6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees, advisors, or as required by law
7. Security Measures: Required measures for protecting confidential information
8. Return or Destruction of Information: Obligations regarding the return or destruction of confidential information upon request or termination
9. Term and Survival: Duration of the agreement and which provisions survive termination
10. Breach and Remedies: Consequences of breach and available remedies, including injunctive relief
11. General Provisions: Standard contractual provisions including governing law, jurisdiction, and entire agreement
1. Intellectual Property Rights: Section clarifying ownership and protection of IP rights when confidential information includes IP
2. Data Protection: Additional provisions when confidential information includes personal data subject to privacy laws
3. Non-Solicitation: Restrictions on soliciting employees or customers, often included in more comprehensive NDNCAs
4. Assignment and Succession: Provisions regarding the transfer of rights and obligations, needed for larger corporate entities
5. Costs and Expenses: Allocation of costs related to protecting confidential information or enforcing the agreement
6. Independent Contractors: Clarification of relationship between parties when needed to prevent implied partnerships
7. Force Majeure: Provisions for unforeseen circumstances, relevant for longer-term arrangements
1. Schedule 1 - Description of Confidential Information: Detailed description or categories of information considered confidential
2. Schedule 2 - Authorized Representatives: List of individuals authorized to receive and handle confidential information
3. Schedule 3 - Permitted Purpose: Detailed description of the specific business purpose for which confidential information may be used
4. Schedule 4 - Security Protocols: Specific security measures and protocols required for protecting confidential information
5. Schedule 5 - Excluded Information: List of information specifically excluded from confidentiality obligations
Authors
Relevant legal definitions
Clauses
Relevant Industries
Technology and Software
Financial Services
Manufacturing
Professional Services
Healthcare and Pharmaceuticals
Real Estate and Construction
Research and Development
Energy and Utilities
Telecommunications
Retail and Consumer Goods
Media and Entertainment
Education and Training
Biotechnology
Automotive
Aerospace and Defense
Relevant Teams
Legal
Business Development
Executive Leadership
Research and Development
Finance
Operations
Procurement
Strategic Planning
Mergers & Acquisitions
Innovation
Compliance
Information Technology
Product Development
Relevant Roles
Chief Executive Officer
Chief Legal Officer
Legal Counsel
Business Development Manager
Chief Financial Officer
Investment Manager
Project Manager
Research Director
Chief Technology Officer
Operations Manager
Procurement Manager
Strategic Partnership Director
Mergers & Acquisitions Director
Innovation Manager
Compliance Officer
Contract Manager
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