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Alan Arnott, founder of Doc Ustream and a technology lawyer at Honest Technology Lawyers in Sydney, discusses the components of a heads of agreement template. His firm specializes in providing legal advice to technology and telecommunications clients. The template includes clauses for maintaining confidentiality of sensitive information exchanged between parties, provisions clarifying that no intellectual property rights are assigned to the receiving party, and specifications on which parts of the agreement are binding. Additionally, it outlines the timeframe for negotiating a long-form agreement and clarifies whether the negotiating parties are engaged exclusively.