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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 between parties regarding sensitive information shared. It clarifies that the disclosing party retains intellectual property (IP) rights over its confidential information. Additionally, the template outlines which aspects of the agreement are binding, specifies timelines for negotiations of a long-form agreement, and details whether the negotiations are exclusive. This document serves as an essential tool for tech and telecommunications clients in navigating their legal rights and obligations.