Non Disclosure Agreement For Technology Company for Malaysia

Non Disclosure Agreement For Technology Company Template for Malaysia

A comprehensive Non-Disclosure Agreement tailored for technology companies operating in Malaysia, governed by Malaysian law including the Contracts Act 1950 and Personal Data Protection Act 2010. This agreement provides robust protection for confidential information, including technical specifications, source code, proprietary algorithms, and trade secrets. It incorporates specific provisions for digital assets, cloud-based information sharing, and modern technological considerations while ensuring compliance with Malaysian legal requirements for data protection and confidentiality.

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What is a Non Disclosure Agreement For Technology Company?

The Non-Disclosure Agreement For Technology Company is essential for businesses operating in Malaysia's growing technology sector. It is specifically designed for situations where technology companies need to share sensitive technical information, intellectual property, or proprietary knowledge with third parties while maintaining strict confidentiality. This document is crucial when engaging in technical collaborations, outsourcing development work, exploring business partnerships, or sharing proprietary technology solutions. The agreement complies with Malaysian legislation, including the Contracts Act 1950, Personal Data Protection Act 2010, and relevant intellectual property laws, while addressing modern technical considerations such as cloud storage, digital assets, and cross-border data transfers. It provides comprehensive protection for both traditional confidential information and digital assets unique to the technology sector.

What sections should be included in a Non Disclosure Agreement For Technology Company?

1. Parties: Identification of the disclosing and receiving parties, including registration numbers and registered addresses

2. Background: Context of the disclosure relationship and purpose of sharing confidential information

3. Definitions: Detailed definitions including 'Confidential Information', 'Authorized Purpose', 'Representatives', and 'Technical Data'

4. Scope of Confidential Information: Detailed description of what constitutes confidential information, including technical, business, and proprietary information

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

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

7. Security Measures: Required technical and organizational measures to protect confidential information

8. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination or request

9. Term and Termination: Duration of the agreement and termination provisions

10. Breach and Remedies: Consequences of breach and available remedies including injunctive relief

11. General Provisions: Standard clauses including governing law, jurisdiction, and entire agreement

What sections are optional to include in a Non Disclosure Agreement For Technology Company?

1. Data Protection Compliance: Specific provisions for compliance with PDPA 2010 when personal data is involved

2. Source Code Protection: Additional provisions specifically for protecting source code and technical documentation

3. Cloud Storage Provisions: Specific requirements for handling confidential information stored in cloud services

4. International Transfer Restrictions: Additional provisions for cross-border transfers of confidential information

5. Reverse Engineering Prohibition: Specific restrictions on reverse engineering of technical information or products

6. Residual Knowledge: Provisions addressing the use of residual knowledge acquired during the engagement

7. Non-Solicitation: Restrictions on soliciting employees or customers, if relevant to the business relationship

8. Publicity Restrictions: Specific provisions regarding public announcements or references to the business relationship

What schedules should be included in a Non Disclosure Agreement For Technology Company?

1. Schedule 1 - Specified Confidential Information: Detailed list of specific confidential information covered by the agreement

2. Schedule 2 - Authorized Representatives: List of authorized representatives who may access confidential information

3. Schedule 3 - Security Protocols: Specific technical and organizational security measures required

4. Schedule 4 - Approved Subcontractors: List of approved third parties who may access confidential information if applicable

5. Appendix A - Data Handling Procedures: Detailed procedures for handling, storing, and transmitting confidential information

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Malaysia

Publisher

Genie AI

Cost

Free to use
Relevant legal definitions
Relevant Industries

Information Technology

Software Development

Cloud Computing

Artificial Intelligence

Cybersecurity

Fintech

E-commerce

Digital Services

Telecommunications

Internet of Things

Biotechnology

Research and Development

Data Analytics

Digital Healthcare

Electronic Manufacturing

Relevant Teams

Legal

Information Technology

Research and Development

Information Security

Procurement

Business Development

Compliance

Software Development

Product Development

Innovation

Operations

Strategic Partnerships

Data Protection

Technical Operations

Enterprise Architecture

Relevant Roles

Chief Technology Officer

Chief Information Officer

Chief Executive Officer

Technical Director

Software Development Manager

IT Project Manager

Legal Counsel

Intellectual Property Manager

Information Security Officer

Research and Development Director

Product Manager

System Architect

Technical Lead

Business Development Manager

Procurement Manager

Compliance Officer

Data Protection Officer

Innovation Manager

Strategic Partnership Manager

Operations Director

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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