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Alan Arnott, founder of Doc Ustream and a technology lawyer, discusses the contents of a heads of agreement template. His law firm in Sydney specializes in advising technology and telecommunications clients on legal rights and obligations, as well as drafting and negotiating various legal agreements. The heads of agreement template includes confidentiality clauses requiring parties to maintain the confidentiality of shared information, provisions confirming that IP rights are not assigned, and distinctions between binding and non-binding terms. It also specifies the deadline for negotiating a long-form agreement and clarifies whether the negotiations are exclusive.