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Alan Arnott, founder of Doc Ustream and a technology lawyer, discusses the elements of a heads of agreement template. His law firm in Sydney specializes in advising technology and telecommunications clients on legal rights and obligations. The template should include confidentiality clauses, ensuring that parties maintain the confidentiality of information shared, as well as provisions that clarify that intellectual property rights remain with the disclosing party. It also confirms which sections of the agreement are binding, specifies the timeline for negotiations of a long-form agreement, and clarifies whether the parties are negotiating exclusively.