������Ƶ

This Reciprocal NDA template is essential for businesses and individuals operating in the Philippines who need to protect mutual confidential information during business discussions, negotiations, or collaborative ventures. The document is specifically structured to comply with Philippine legal requirements, including the Data Privacy Act of 2012, the Civil Code, and relevant intellectual property laws. It should be used when two parties need to share sensitive information such as trade secrets, business strategies, technical data, or customer information, while ensuring equal protection for both parties. The Reciprocal NDA is particularly relevant for initial business discussions, due diligence processes, joint ventures, or any situation where bilateral information sharing is necessary. This template includes provisions for both physical and digital information protection, enforcement mechanisms under Philippine law, and clear obligations for both parties regarding the handling and protection of confidential information.

1. Parties: Identification of the parties entering into the NDA, including their legal names, addresses, and company registration details if applicable

2. Background: Brief context explaining why the parties are entering into the agreement and the nature of their potential business relationship

3. Definitions: Clear definitions of key terms used throughout the agreement, particularly 'Confidential Information', 'Representatives', 'Purpose', and other relevant terms

4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement, including both parties' protected information

5. Obligations of Confidentiality: Core mutual obligations regarding the protection, non-disclosure, and permitted uses of confidential information

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees, advisors, or as required by law

7. Security Measures: Required security measures for protecting confidential information, aligned with Data Privacy Act requirements

8. Term and Survival: Duration of the agreement and which obligations survive termination

9. Return or Destruction of Confidential Information: Obligations regarding the return or destruction of confidential information upon request or termination

10. Remedies: Available remedies in case of breach, including injunctive relief and damages

11. General Provisions: Standard contractual provisions including governing law, jurisdiction, amendments, and notices