The Third Party Data Sharing Agreement is essential when organizations need to share personal or confidential data with third parties while maintaining compliance with Singapore's data protection laws. This agreement is particularly crucial in light of the PDPA's requirements and increasing data privacy concerns. It establishes clear boundaries for data usage, security requirements, and responsibilities of all parties involved. The document typically includes detailed provisions for data protection, transfer mechanisms, breach notification procedures, and specific compliance requirements for different industry sectors.
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Key Requirements PROMPT example:
Third Party Data Sharing Agreement
"I need a Third Party Data Sharing Agreement to allow my Singapore-based fintech company to share customer transaction data with our cloud analytics provider, ensuring PDPA compliance and including specific provisions for cross-border transfers to their US servers."
1. Parties: Identification of data controller and data processor/recipient
2. Background: Context of data sharing arrangement and relationship between parties
3. Definitions: Key terms used throughout the agreement including data categories, processing activities, and compliance requirements
4. Purpose of Data Sharing: Specific purposes for which data will be shared and processed, including scope and limitations
5. Data Protection Obligations: Security measures, compliance requirements, and specific obligations under PDPA
6. Data Handling Procedures: Procedures for collection, processing, storage, and deletion of shared data
7. Confidentiality: Protection of shared data and confidential information, including non-disclosure obligations
8. Term and Termination: Duration of agreement, renewal terms, and conditions for termination
9. Return or Destruction of Data: Procedures for handling data upon termination of agreement
10. General Provisions: Standard contractual terms including governing law, dispute resolution, and entire agreement
1. Cross-border Transfers: Requirements and compliance measures for international data transfers outside Singapore
2. Sector-Specific Compliance: Additional requirements for regulated industries such as banking or healthcare
3. Sub-processing: Terms and conditions for engaging additional data processors or sub-contractors
4. Data Breach Notification: Specific procedures and timelines for reporting data breaches
5. Audit Rights: Terms allowing data controller to audit recipient's compliance
1. Schedule 1 - Data Categories: Detailed list of personal data types to be shared and processed
2. Schedule 2 - Security Requirements: Technical and organizational security measures required for data protection
3. Schedule 3 - Processing Activities: Detailed description of permitted data processing activities and purposes
4. Schedule 4 - Contact Details: Key contacts for data protection matters and breach notification
5. Schedule 5 - Compliance Checklist: Checklist of PDPA and other regulatory requirements
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