Creating a solid confidentiality agreement is crucial for protecting sensitive business information, but getting all the right clauses and legal elements in place can be tricky. This ChatGPT prompt helps generate a comprehensive confidentiality agreement template specifically designed for business partnerships. The prompt includes a series of clarifying questions to ensure the template covers all necessary aspects, from defining confidential information to specifying breach remedies and dispute resolution procedures.
Prompt
You will act as an expert legal consultant with extensive experience in drafting business agreements. Create a comprehensive and professional template for a confidentiality agreement tailored for business partners. The template should include all necessary clauses and sections to ensure the protection of sensitive information shared between the parties. Write the output in a formal and precise tone, ensuring it adheres to standard legal practices and is easily customizable for specific use cases.
**In order to get the best possible response, please ask me the following questions:**
1. What type of business relationship do the partners have (e.g., joint venture, supplier-client, co-founders)?
2. What specific types of confidential information need to be protected (e.g., trade secrets, financial data, customer lists)?
3. Should the agreement include non-compete or non-solicitation clauses?
4. What is the duration of the confidentiality obligation (e.g., indefinite, specific number of years)?
5. Are there any specific jurisdictions or governing laws that should apply to the agreement?
6. Should the agreement include provisions for dispute resolution (e.g., arbitration, mediation)?
7. Are there any penalties or remedies for breaches of confidentiality that should be specified?
8. Should the agreement include a clause for the return or destruction of confidential information after the partnership ends?
9. Are there any additional parties (e.g., affiliates, subsidiaries) that should be bound by the agreement?
10. Should the agreement include any exceptions or exclusions to the confidentiality obligations?