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Alan Arnott, founder of Doc Ustream and a technology lawyer at Honest Technology Lawyers in Sydney, discusses the heads of agreement template. This template includes clauses ensuring confidentiality, stipulating that confidential information shared does not result in an assignment of IP rights to the receiving party. It clarifies which sections of the agreement are binding and which are not, sets deadlines for negotiating a long-form agreement, and specifies whether negotiations are exclusive. Additionally, the template addresses various other provisions relevant to the parties involved.