This Multilateral Non Disclosure Agreement is essential for business situations where three or more parties need to share confidential information while ensuring legal protection under Indonesian law. It is commonly used in joint ventures, research collaborations, complex business transactions, or multi-party projects where sensitive information needs to be exchanged. The document covers various types of confidential information including trade secrets, proprietary technology, business strategies, customer data, and intellectual property. It incorporates specific provisions required by Indonesian legislation, particularly the Trade Secrets Law and Civil Code, and includes enforcement mechanisms suitable for the Indonesian legal system. This type of agreement is particularly relevant in Indonesia's growing technology and business sectors, where complex multi-party collaborations are becoming increasingly common.
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1. Parties: Identification of all parties to the agreement, including their full legal names, addresses, and company registration details
2. Background: Context of the agreement, relationship between the parties, and purpose of sharing confidential information
3. Definitions: Definitions of key terms, especially 'Confidential Information', 'Authorized Representatives', 'Permitted Purpose', and other relevant terms
4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement
5. Obligations of Confidentiality: Core confidentiality obligations, including handling, protection, and non-disclosure requirements
6. Permitted Disclosures: Circumstances under which confidential information may be shared, including with representatives and as required by law
7. Term and Termination: Duration of the agreement and circumstances for termination
8. Return or Destruction of Confidential Information: Requirements for handling confidential information upon termination
9. Breach and Remedies: Consequences of breach and available remedies under Indonesian law
10. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction for disputes
11. General Provisions: Standard provisions including notices, amendments, and severability
1. Intellectual Property Rights: Section addressing ownership and protection of IP rights when confidential information includes IP - recommended when sharing technical information or trade secrets
2. Data Protection Compliance: Specific provisions for compliance with data protection laws - needed when confidential information includes personal data
3. Export Control: Provisions regarding compliance with export control laws - required when information may be subject to international transfer restrictions
4. Non-Solicitation: Restrictions on soliciting employees or customers - useful when parties have access to personnel or customer information
5. Competitive Activities: Restrictions on competitive activities - relevant when sharing business-sensitive information
6. Force Majeure: Provisions for unforeseen circumstances affecting compliance - particularly relevant in long-term NDAs
1. Schedule 1 - Authorized Representatives: List of individuals authorized to receive and handle confidential information for each party
2. Schedule 2 - Security Protocols: Detailed security measures and protocols for handling confidential information
3. Schedule 3 - Information Classification Guidelines: Guidelines for classification levels of confidential information and corresponding handling requirements
4. Appendix A - Form of Acknowledgment: Template for acknowledgment to be signed by authorized representatives
5. Appendix B - Notification Requirements: Detailed procedures for mandatory notifications between parties
Authors
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