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Alan Arnott, founder of Doc Ustream and a technology lawyer at Honest Technology Lawyers in Sydney, discusses the essential elements of a heads of agreement template. This template includes clauses mandating confidentiality between parties regarding proprietary information and explicitly states that the disclosing party retains IP rights. It outlines which sections of the agreement are binding versus non-binding, sets timelines for negotiating a long-form agreement, and clarifies whether negotiations are exclusive. The firm has extensive experience in advising technology and telecommunications clients on their legal obligations and facilitating legal agreements.
