The Short Confidentiality Agreement is essential for businesses operating in Indonesia who need to protect sensitive information during business discussions, negotiations, or collaborations. This document is particularly relevant in today's fast-paced business environment where companies frequently need to share confidential information before entering into more detailed commercial arrangements. It is designed to comply with Indonesian legal requirements, particularly Law No. 30 of 2000 on Trade Secrets and related regulations, while remaining practical and easy to implement. The agreement is commonly used in situations such as preliminary business discussions, due diligence processes, consultancy arrangements, or potential partnerships, where parties need to quickly but effectively establish confidentiality obligations before sharing sensitive information.
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1. Parties: Identification of the parties entering into the confidentiality agreement, including full legal names and addresses
2. Background: Brief context explaining the purpose of the confidentiality agreement and the relationship between the parties
3. Definitions: Key terms used in the agreement, particularly defining 'Confidential Information' and related terms
4. Confidentiality Obligations: Core obligations regarding the protection and non-disclosure of confidential information
5. Permitted Use: Specified purposes for which the confidential information may be used
6. Return or Destruction of Confidential Information: Requirements for handling confidential information upon termination or request
7. Term and Termination: Duration of the agreement and circumstances for termination
8. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction for disputes
1. Security Measures: Specific security protocols required for protecting confidential information, recommended when dealing with sensitive technical or digital information
2. Representatives and Third Parties: Provisions regarding disclosure to employees, advisors, or other authorized representatives, useful when broader access to information is needed
3. Remedies: Specific remedies for breach, including injunctive relief, recommended for high-value confidential information
4. Notice Requirements: Procedures for mandatory notifications, useful when formal communication protocols are needed
5. Non-Solicitation: Restrictions on soliciting employees or customers, relevant when business relationships are involved
1. Schedule 1 - Description of Confidential Information: Detailed list or categories of information considered confidential under 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 and procedures for handling confidential information
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