The Bilateral Non Disclosure Agreement is essential for businesses and individuals operating in Singapore who need to share sensitive information while maintaining confidentiality. This document is commonly used before commercial negotiations, potential partnerships, or business transactions where parties need to exchange proprietary information. The agreement complies with Singapore's legal framework, including the Personal Data Protection Act and Contract Law, providing clear obligations and remedies for both parties. It's particularly relevant in Singapore's dynamic business environment, where cross-border transactions and technology transfers are common.
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Key Requirements PROMPT example:
Bilateral Non Disclosure Agreement
"I need a Bilateral Non Disclosure Agreement under Singapore law for my technology startup to protect confidential information while discussing a potential partnership with a manufacturing company in March 2025, with specific provisions for protecting software source code and manufacturing processes."
1. Parties: Identification and details of both parties entering into the NDA
2. Background: Context and purpose of the NDA
3. Definitions: Key terms used in the agreement, including definition of confidential information
4. Obligations of Confidentiality: Core confidentiality obligations of both parties
5. Permitted Use: Allowed uses of confidential information
6. Term and Termination: Duration of the agreement and termination provisions
7. Return of Confidential Information: Procedures for returning or destroying confidential information
8. Governing Law: Specification of Singapore law as governing law
1. Specific Industry Provisions: Additional provisions specific to certain industries when parties operate in regulated industries
2. Data Protection: Specific PDPA compliance provisions when personal data is involved
3. Group Company Rights: Extension of rights to group companies when parties are part of larger corporate groups
4. Intellectual Property Rights: Specific IP-related provisions when IP rights are involved in the disclosure
1. Schedule of Authorized Representatives: List of individuals authorized to receive confidential information
2. Schedule of Specific Confidential Information: Detailed description of confidential information covered
3. Schedule of Permitted Purpose: Detailed description of allowed uses of confidential information
4. Schedule of Security Measures: Required security measures for protecting confidential information
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Relevant legal definitions
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