Non-Disclosure and Intellectual Property Right Agreement

Document Summary

This template is used by a company to record the terms and conditions concerning the confidentiality of information and protection of intellectual property rights. In this agreement, the recipient agrees not to disclose the information it will receive and assigns all rights related to such information to the company.

Description

This agreement insists on the entitlement of the company to the intellectual property rights arising from the use of the disclosed information.

Intellectual Property Rights are protected by multiple laws in the United Arab Emirates including Federal Decree-Law no. (38) of 2021 on Copyrights and Neighboring Rights and Federal Law No (11) of 2021 on the Regulation and Protection of Industrial Property Rights and Federal Decree-Law no. (36) of 2021 on Trademarks.

This agreement includes the following sections:

1. Confidential Information
2. Restrictions
3. Intellectual Property
4. Covenant Not to Sue
5. Damages and Specific Performance
6. Term of the Agreement
7. Indemnity
8. Required Disclosures
9. Waiver
10. Counterparts
11. Severability
12. Modifications
13. Entirety
14. Governing Law and Jurisdiction
15. Language

Jurisdiction

This document is intended for use in the United Arab Emirates.

Disclaimer

This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.

Before Execution

• The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
• Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
• Please remove the square brackets and all highlighting prior to signature.