A Three Way NDA is essential when three distinct parties need to share and protect confidential information in a multi-party business relationship. This agreement, governed by Singapore law, is commonly used in joint ventures, mergers and acquisitions, or complex business collaborations where multiple parties need access to proprietary information. It defines the scope of confidential information, establishes mutual obligations for information protection, and provides legal remedies under Singapore's jurisdiction. The agreement is particularly relevant when parties need to share sensitive business information, trade secrets, or intellectual property in a controlled manner.
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Key Requirements PROMPT example:
Three Way NDA
"Need a Three Way NDA for a joint venture in Singapore between my tech startup, a manufacturing company, and a research institution, with specific provisions for protecting AI algorithms and manufacturing processes."
1. Parties: Identification and details of all three parties to the agreement
2. Background: Context and purpose of the three-way confidentiality arrangement
3. Definitions: Key terms used throughout the agreement including definition of confidential information
4. Confidentiality Obligations: Core obligations regarding use and protection of confidential information
5. Permitted Disclosures: Circumstances under which confidential information may be disclosed
6. Term and Termination: Duration of the agreement and termination provisions
7. Return of Information: Obligations regarding return or destruction of confidential information
1. Data Protection: PDPA compliance provisions for handling personal data under Singapore law
2. Cross-Border Transfers: Provisions governing international transfer of confidential information
3. Intellectual Property: Provisions clarifying IP ownership and rights in relation to confidential information
1. Schedule 1 - Description of Confidential Information: Detailed list or categories of information covered by the agreement
2. Schedule 2 - Authorized Representatives: List of individuals authorized to receive confidential information
3. Schedule 3 - Security Protocols: Specific procedures for handling and protecting confidential information
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