The Unilateral Non Disclosure Agreement is essential for businesses operating in Singapore who need to protect sensitive information while sharing it with third parties. This document is commonly used when entering into preliminary discussions for business transactions, engaging contractors, or sharing proprietary information with potential partners. It aligns with Singapore's robust legal framework for protecting business secrets and confidential information, providing clear obligations and enforcement mechanisms under local law.
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Key Requirements PROMPT example:
Unilateral Non Disclosure Agreement
"I need a Unilateral Non Disclosure Agreement under Singapore law to protect proprietary software code and development methodologies that we'll be sharing with a potential manufacturing partner in March 2025, with special emphasis on data security protocols and return of information requirements."
1. Parties: Identifies the disclosing party and receiving party
2. Background: Explains context and purpose of the NDA
3. Definitions: Defines key terms including 'Confidential Information'
4. Confidentiality Obligations: Core obligations regarding use and protection of confidential information
5. Term and Termination: Duration of agreement and termination provisions
6. Return of Confidential Information: Obligations upon termination regarding confidential materials
7. Governing Law: Specifies Singapore law as governing law
1. Permitted Disclosures: Exceptions to confidentiality obligations for specific circumstances such as legal requirements or authorized third parties
2. Security Measures: Specific security requirements and protocols for protecting confidential information
3. Intellectual Property Rights: Clarification of IP ownership and rights related to the confidential information
4. Non-Solicitation: Restrictions on soliciting employees or customers of the disclosing party
1. Schedule 1: Description of Confidential Information: Detailed list and description of information covered by the NDA
2. Schedule 2: Authorized Representatives: List of individuals authorized to receive and handle confidential information
3. Schedule 3: Security Protocols: Detailed security measures and procedures to be implemented for protecting confidential information
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