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Alan Arnott, founder of Doc Ustream and a technology lawyer at Honest Technology Lawyers in Sydney, discusses the features of a heads of agreement template. The template contains clauses ensuring confidentiality of each party's information and clarifies that the disclosing party retains IP rights over its confidential information. It specifies which parts of the agreement are binding and outlines the timeline for negotiating a long-form agreement. Additionally, it includes provisions regarding the exclusivity of negotiations between the parties. The firm has extensive experience in advising technology and telecommunications clients on legal rights, obligations, and drafting various legal agreements.