The Confidentiality And Non Disclosure Agreement is essential when parties need to share sensitive business, technical, or proprietary information while maintaining its confidentiality. This document, governed by Singapore law, is commonly used in business negotiations, partnerships, employment relationships, and commercial transactions. It provides legal protection by defining confidential information, establishing protection obligations, and setting out consequences for unauthorized disclosure. The agreement ensures compliance with Singapore's Personal Data Protection Act 2012 and related regulations.
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Key Requirements PROMPT example:
Confidentiality And Non Disclosure Agreement
"I need a Confidentiality And Non Disclosure Agreement for my Singapore-based tech startup to protect proprietary software information when discussing potential partnerships with manufacturers in Asia, starting from January 2025."
1. Parties: Identifies the disclosing and receiving parties, including their registered addresses and company details
2. Background: Explains the context and purpose of the agreement, including the nature of the business relationship
3. Definitions: Defines key terms including 'Confidential Information', 'Representatives', 'Permitted Purpose' and other relevant terms
4. Confidentiality Obligations: Core obligations regarding use, protection, and non-disclosure of confidential information
5. Permitted Disclosures: Circumstances where disclosure is permitted and procedures for such disclosure
6. Security Measures: Required security protocols and measures for protecting confidential information
7. Term and Termination: Duration of the agreement and circumstances for termination
8. Return or Destruction of Information: Obligations regarding the return or destruction of confidential information upon termination
9. Remedies: Available remedies in case of breach, including injunctive relief
10. General Provisions: Standard provisions including governing law, jurisdiction, and entire agreement
1. Non-Solicitation: Restrictions on soliciting employees, customers, or suppliers of the disclosing party
2. Employee/Representative Obligations: Specific obligations for employees and representatives who will access the confidential information
3. Publicity: Restrictions on public announcements or use of the other party's name
4. Data Protection: Specific provisions relating to personal data protection under PDPA
5. Assignment: Rights and restrictions regarding assignment of the agreement
1. Schedule 1 - Description of Confidential Information: Detailed list or categories of information covered by the agreement
2. Schedule 2 - Authorized Representatives: List of individuals authorized to receive and handle confidential information
3. Schedule 3 - Security Protocols: Specific security measures and protocols required for protecting the confidential information
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