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Boilerplate Non Disclosure Agreement
"I need a Boilerplate Non Disclosure Agreement under Nigerian law for use between my technology startup and potential investors, with specific provisions for protecting our proprietary software code and business plans during investment discussions starting March 2025."
1. Parties: Identification of the disclosing and receiving parties, including full legal names, registration numbers (if applicable), and addresses
2. Background: Context of the agreement and purpose for sharing confidential information
3. Definitions: Detailed definitions of key terms, especially 'Confidential Information', 'Permitted Purpose', and 'Representatives'
4. Scope of Confidentiality: Detailed description of what constitutes confidential information and the extent of protection
5. Obligations of Receiving Party: Core confidentiality obligations, including storage, handling, and protection of confidential information
6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees, advisors, or as required by law
7. Term and Survival: Duration of the agreement and which obligations survive termination
8. Return or Destruction of Information: Requirements for handling confidential information upon termination or request
9. Remedies: Legal remedies available in case of breach, including injunctive relief and damages
10. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for disputes
11. Execution: Signature blocks and execution requirements
1. Data Protection Compliance: Required when confidential information includes personal data subject to Nigeria Data Protection Regulation
2. Intellectual Property Rights: Include when confidential information contains patents, trademarks, or other IP rights
3. Non-Solicitation: Optional clause preventing solicitation of employees or customers, if relevant to the business relationship
4. Digital Information Security: Include when confidential information will be shared or stored electronically
5. Export Control: Required when information may be subject to international transfer restrictions
6. Representatives and Affiliates: Include when either party needs to share information with related entities or representatives
7. Competing Projects: Include when parties may be involved in similar projects with other entities
1. Schedule 1 - Description of Confidential Information: Detailed list or categories of information covered by the agreement
2. Schedule 2 - Authorized Representatives: List of individuals authorized to receive and handle confidential information
3. Schedule 3 - Security Protocols: Specific security measures required for handling the confidential information
4. Appendix A - Form of Acknowledgment: Template for additional parties or representatives to acknowledge and agree to the NDA terms
Authors
Technology
Manufacturing
Financial Services
Healthcare
Energy and Oil & Gas
Professional Services
Telecommunications
Real Estate
Agriculture
Consumer Goods
Education
Construction
Mining
Media and Entertainment
Retail
Legal
Human Resources
Executive Leadership
Business Development
Research and Development
Information Technology
Finance
Operations
Procurement
Compliance
Corporate Communications
Investment
Commercial
Chief Executive Officer
Managing Director
Legal Counsel
Business Development Manager
Project Manager
Human Resources Director
Chief Technology Officer
Chief Financial Officer
Operations Manager
Procurement Manager
Research and Development Director
Investment Manager
Commercial Director
Compliance Officer
Department Head
Contract Administrator
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