The Non-Disclosure Agreement Proprietary Information document is essential when parties need to share sensitive business information, trade secrets, or technical data in Singapore. This agreement is particularly crucial in business negotiations, joint ventures, or potential partnerships where proprietary information must be protected. It aligns with Singapore's robust legal framework for data protection and trade secrets, incorporating requirements from the Personal Data Protection Act 2012 and relevant business legislation. The document is designed to provide clear obligations for handling confidential information while ensuring enforceability under Singapore law.
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Key Requirements PROMPT example:
Non Disclosure Agreement Proprietary Information
"I need a Non Disclosure Agreement Proprietary Information for my Singapore-based software company to protect our AI algorithms when sharing them with potential investors, ensuring our trade secrets are protected under Singapore law and including specific provisions for source code protection."
1. Parties: Identification and details of the disclosing and receiving parties
2. Background: Context and purpose of the NDA
3. Definitions: Key terms including 'Confidential Information', 'Permitted Purpose', 'Representatives'
4. Confidentiality Obligations: Core obligations regarding protection and non-disclosure
5. Permitted Use: Allowed uses of confidential information
6. Term and Termination: Duration of agreement and termination provisions
7. Return of Information: Requirements for returning or destroying confidential information
1. Employee/Representative Obligations: Additional provisions when confidential information will be shared with employees or representatives
2. Cross-Border Transfer: Provisions governing international transfer of confidential information
3. Intellectual Property Rights: Additional protections for IP rights in confidential information
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 access confidential information
3. Schedule 3: Security Measures: Required security protocols for handling confidential information
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