The Invention Disclosure Agreement serves as a critical tool in Singapore's innovation ecosystem, enabling inventors and businesses to safely discuss new technologies while maintaining legal protection. This document is essential when inventors need to share confidential details about their innovations with potential investors, manufacturers, or partners. It complies with Singapore's Patents Act and Trade Secrets Law, establishing clear guidelines for handling sensitive information and protecting intellectual property rights. The agreement typically precedes potential licensing, investment, or collaboration discussions.
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Key Requirements PROMPT example:
Invention Disclosure Agreement
"I need an Invention Disclosure Agreement to protect my new software authentication technology while discussing it with potential investors in Singapore, with strict provisions about reverse engineering and a 3-year confidentiality period starting March 2025."
1. Parties: Identification and details of the disclosing and receiving parties
2. Background: Context of the disclosure and relationship between parties
3. Definitions: Key terms including 'Invention', 'Confidential Information', 'Purpose'
4. Scope of Disclosure: Details of what information will be disclosed
5. Confidentiality Obligations: Core obligations regarding non-disclosure and protection of information
6. Use Restrictions: Limitations on how the receiving party may use the information
7. Term and Termination: Duration of agreement and termination provisions
1. Employee and Contractor Obligations: Additional provisions when receiving party needs to share information with employees or contractors - typically used for corporate recipients
2. Return of Materials: Provisions for returning or destroying confidential materials - included when physical materials are involved
3. Patent Rights: Specific provisions regarding patent applications and rights - included when patent filing is contemplated
1. Schedule 1: Description of Invention: Detailed technical description of the invention being disclosed
2. Schedule 2: Authorized Representatives: List of individuals authorized to receive the confidential information
3. Schedule 3: Disclosure Protocol: Procedures for handling and transmitting confidential information
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