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Alan Arnott, founder of Doc Ustream and a technology lawyer at Honest Technology Lawyers in Sydney, shares insights on heads of agreement templates. These templates incorporate clauses that ensure confidentiality for any sensitive information exchanged between parties, clarifying that IP rights related to confidential information are not transferred. They detail which sections are binding and which are not, establish a timeline for negotiating a long-form agreement, and specify whether the negotiations are exclusive. This framework aims to protect the interests of technology and telecommunications clients, based on extensive legal experience.
