The Limited Disclosure Agreement is essential for business relationships where confidential information needs to be shared while maintaining strict control over its use and disclosure. This document, tailored to Singapore's legal framework, is commonly used in situations involving business negotiations, joint ventures, employee relationships, or vendor contracts. It defines the scope of confidential information, establishes clear obligations for handling sensitive data, and provides legal remedies in case of breach. The agreement ensures compliance with Singapore's robust data protection regime while protecting the disclosing party's interests.
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Key Requirements PROMPT example:
Limited Disclosure Agreement
"I need a Limited Disclosure Agreement to protect confidential technical information that will be shared with a Singapore-based software development vendor starting March 2025, with specific provisions for source code protection and remote access security protocols."
1. Parties: Identifies and defines all parties to the agreement, including their legal names, registration numbers, and addresses
2. Background: Sets out the context and purpose of the agreement, including the nature of the confidential information to be shared
3. Definitions: Defines key terms used throughout the agreement, particularly 'Confidential Information'
4. Scope of Confidentiality: Describes what constitutes confidential information and the permitted uses
5. Obligations of Receiving Party: Details the responsibilities for handling and protecting confidential information
6. Term and Termination: Specifies duration of the agreement and conditions for termination
7. Return of Confidential Information: Procedures for returning or destroying confidential information
8. Governing Law: Specifies Singapore law as governing law and jurisdiction
1. Data Protection: Additional provisions for PDPA compliance when personal data is involved
2. Representatives: Names designated representatives for each party, used for complex agreements involving multiple departments or teams
3. Security Measures: Specific security protocols for handling information, required for highly sensitive information or regulated industries
4. Intellectual Property: IP rights and ownership provisions when IP-sensitive information is involved
5. Export Control: Compliance provisions for international transfers of technical data
1. Schedule 1 - Description of Confidential Information: Detailed list or categories of confidential information covered
2. Schedule 2 - Authorized Representatives: List of individuals authorized to receive confidential information
3. Schedule 3 - Security Protocols: Specific security measures and procedures
4. Schedule 4 - Permitted Purpose: Detailed description of how confidential information may be used
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