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Alan Arnott, founder of Doc Ustream and a technology lawyer at Honest Technology Lawyers in Sydney, discusses the elements of a heads of agreement template. This template includes clauses that ensure each party maintains the confidentiality of the other's information and clarifies that the disclosing party does not assign IP rights to the recipient. It identifies which sections are binding and outlines the timeframe for negotiating a long-form agreement. Additionally, it specifies whether negotiations are exclusive or non-exclusive, along with other important provisions.
