The Confidentiality Agreement For Vendors is essential when businesses need to share sensitive information with external service providers or suppliers in Singapore. This document ensures proper protection of confidential information while enabling necessary business operations. It addresses requirements under Singapore's PDPA, includes specific provisions for data handling, and provides clear remedies for breach. The agreement is particularly important for long-term vendor relationships where ongoing access to proprietary information is required.
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1. Parties: Identification of the disclosing and receiving parties, including full legal names and registration details
2. Background: Context of the relationship and purpose of sharing confidential information between the parties
3. Definitions: Define key terms including 'Confidential Information', 'Permitted Purpose', 'Representatives', and other relevant terms
4. Scope of Confidentiality: Detailed obligations regarding use, protection, and non-disclosure of confidential information
5. Duration: Term of the agreement and survival of confidentiality obligations after termination
6. Return or Destruction: Requirements for handling confidential information after termination or upon request
7. Breach and Remedies: Consequences of breach, available remedies, and indemnification provisions
1. Data Protection Compliance: PDPA compliance requirements and obligations for handling personal data
2. Cross-border Transfers: Requirements and restrictions for international transfer of confidential information
3. Intellectual Property: Protection of IP rights and obligations related to confidential information
4. Non-solicitation: Restrictions on hiring or soliciting employees of the other party
1. Schedule 1 - Description of Confidential Information: Detailed list or categories of confidential information covered by the agreement
2. Schedule 2 - Authorized Representatives: List of personnel authorized to access and handle confidential information
3. Schedule 3 - Security Protocols: Specific security measures and protocols required for information protection
4. Schedule 4 - Data Processing Agreement: Additional terms for PDPA compliance where personal data processing is involved
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