The Non-Disclosure Waiver is essential in business situations where parties need to share sensitive information while allowing for specific, controlled circumstances where confidentiality obligations can be waived. This document type is particularly relevant in Danish business contexts where companies need to balance strict confidentiality requirements with practical business needs for information sharing. The agreement must comply with Danish law, including the Danish Trade Secrets Act and relevant EU regulations such as GDPR. It's commonly used in business transactions, partnerships, employee relationships, and corporate collaborations where certain confidential information needs to be shared with third parties or used for specific purposes outside standard confidentiality restrictions.
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Key Requirements PROMPT example:
Non Disclosure Waiver
I need a Non-Disclosure Waiver for a Danish tech startup sharing confidential information with potential investors during our Series A funding round in March 2025, with specific provisions allowing investors to share limited information with their investment committees.
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OR
1. Parties: Identification of the disclosing and receiving parties, including full legal names and registered addresses
2. Background: Context of the agreement and purpose for sharing confidential information
3. Definitions: Clear definitions of key terms, especially 'Confidential Information', 'Trade Secrets', and 'Permitted Purpose'
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 and professional advisors
7. Security Measures: Required measures for protecting and securing confidential information
8. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination or request
9. Duration and Termination: Term of the agreement and survival of obligations
10. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
1. Data Protection Compliance: Required when confidential information includes personal data subject to GDPR
2. Intellectual Property Rights: Include when confidential information involves IP rights or when development of new IP is contemplated
3. Non-Solicitation: Add when there's a need to prevent poaching of employees or clients
4. Non-Competition: Include when parties are competitors or when there's a specific need to restrict competitive activities
5. Specific Project References: Add when the NDA relates to a specific project or transaction
6. Export Control: Include when confidential information may be subject to export control regulations
7. Remedies and Indemnification: Additional section on specific remedies when standard damages may be insufficient
1. Schedule 1 - Specified Confidential Information: Detailed list of specific documents, data, or information considered confidential
2. Schedule 2 - Authorized Representatives: List of individuals authorized to receive and handle confidential information
3. Schedule 3 - Security Protocols: Specific security measures and procedures for handling confidential information
4. Schedule 4 - Permitted Purpose Details: Detailed description of the specific purposes for which confidential information may be used
Authors
Relevant legal definitions
Clauses
Relevant Industries
Technology
Financial Services
Healthcare
Manufacturing
Professional Services
Research & Development
Biotechnology
Energy
Telecommunications
Defense & Security
Consumer Goods
Education
Real Estate
Media & Entertainment
Relevant Teams
Legal
Compliance
Human Resources
Information Security
Research & Development
Business Development
Executive Leadership
Procurement
Information Technology
Finance
Operations
Risk Management
Corporate Communications
Intellectual Property
Relevant Roles
Chief Executive Officer
Chief Legal Officer
Legal Counsel
Compliance Officer
Business Development Manager
Project Manager
Research Director
Human Resources Director
Chief Technology Officer
Chief Financial Officer
Information Security Officer
Procurement Manager
Operations Director
Investment Manager
Corporate Secretary
Risk Manager
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