3 Way NDA Template for Philippines

This Three-Way NDA is essential for business arrangements in the Philippines where three distinct parties need to share sensitive information while ensuring legal protection. The document is particularly relevant for joint ventures, technology partnerships, consulting arrangements, or complex business transactions where multiple parties need access to each other's confidential information. It incorporates specific provisions required under Philippine law, including compliance with the Data Privacy Act of 2012 and relevant commercial regulations. The agreement is structured to address the unique challenges of three-way confidentiality obligations, including clear definitions of permitted information sharing paths between parties, specific use restrictions, and comprehensive protective measures. This type of agreement is commonly used in scenarios involving technology transfers, business consultancy, merger discussions, or joint research and development projects.

1. Parties: Identification of all three parties to the agreement, including their legal names, addresses, and company registration details if applicable

2. Background: Context of the relationship between the three parties and the purpose of sharing confidential information

3. Definitions: Key terms including 'Confidential Information', 'Permitted Purpose', 'Representatives', and other relevant definitions specific to the three-way arrangement

4. Disclosure and Use of Confidential Information: Rules governing how confidential information may be shared between the three parties and how it can be used

5. Obligations of Confidentiality: Specific duties of each party regarding maintaining confidentiality of information received from both other parties

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to representatives and as required by law

7. Protection of Confidential Information: Security measures required to protect confidential information

8. Return or Destruction of Confidential Information: Procedures for handling confidential information upon termination or request

9. Term and Termination: Duration of the agreement and circumstances for termination

10. Breach and Remedies: Consequences of breach and available remedies under Philippine law

11. General Provisions: Standard clauses including governing law, jurisdiction, amendments, and notices