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The Confidentiality Release Form is essential in business scenarios where parties need to be formally released from existing confidentiality obligations under Austrian law. This document is typically used when circumstances change in business relationships, during mergers and acquisitions, when employees transition between companies, or when confidential information needs to be disclosed to third parties. The form ensures compliance with Austrian civil law requirements and EU regulations, particularly the GDPR when personal data is involved. It provides legal certainty by clearly defining the scope of information being released, while potentially maintaining confidentiality for other information not covered by the release. The document is crucial for risk management and legal compliance in business operations where confidential information needs to be shared or released.

1. Parties: Identification of the party releasing confidential information and the party being released from confidentiality obligations

2. Background: Brief context of the existing confidentiality obligations and reason for the release

3. Definitions: Key terms including 'Confidential Information', 'Release Date', and scope of release

4. Scope of Release: Detailed description of what confidential information is being released from confidentiality obligations

5. Duration and Effect: Timeline of the release (immediate/future date) and whether it's temporary or permanent

6. Remaining Obligations: Specification of any confidentiality obligations that remain in effect

7. Declarations and Warranties: Statements confirming authority to grant release and understanding of consequences

8. Governing Law: Confirmation of Austrian law as governing law and jurisdiction