Commercial Confidentiality Agreement Template for Philippines

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Key Requirements PROMPT example:

Commercial Confidentiality Agreement

"I need a Commercial Confidentiality Agreement for my tech startup based in Manila, protecting our AI algorithms and source code while we negotiate with potential investors and development partners starting January 2025."

Document background
This Commercial Confidentiality Agreement is essential for businesses operating in the Philippines who need to protect sensitive information during commercial relationships, negotiations, or business transactions. The document is specifically structured to comply with Philippine legal requirements, including the Civil Code, Data Privacy Act, and relevant commercial regulations. It should be used whenever confidential business information needs to be shared with external parties, covering aspects such as trade secrets, proprietary technology, customer data, financial information, and business strategies. The agreement provides comprehensive protection while remaining flexible enough to accommodate various commercial relationships and industry-specific requirements, incorporating necessary safeguards and enforcement mechanisms under Philippine jurisdiction.
Suggested Sections

1. Parties: Identifies and provides full details of all parties entering into the agreement

2. Background: Explains the context and purpose of the agreement, including the nature of the business relationship

3. Definitions: Defines key terms used throughout the agreement, particularly 'Confidential Information'

4. Scope of Confidential Information: Clearly outlines what information is covered by the agreement

5. Obligations of Confidentiality: Details the receiving party's duties to maintain confidentiality and permitted uses of the information

6. Security Measures: Specifies required security measures for protecting confidential information

7. Duration of Confidentiality: Specifies how long the confidentiality obligations remain in effect

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

9. Breach and Remedies: Outlines consequences of breach and available legal remedies

10. Governing Law and Jurisdiction: Specifies Philippine law as governing law and defines jurisdiction for disputes

11. Execution: Signature blocks and execution formalities

Optional Sections

1. Permitted Disclosures: Used when certain disclosures need to be explicitly allowed, such as to professional advisors or regulators

2. Data Privacy Compliance: Required when confidential information includes personal data covered by the Data Privacy Act

3. Digital Information Handling: Needed when confidential information is primarily in digital form

4. Non-Solicitation: Added when there's a need to prevent poaching of employees or customers

5. Publicity: Used when there's a need to control public statements about the business relationship

6. Assignment and Succession: Important for long-term agreements or when corporate restructuring is anticipated

7. Insurance Requirements: Added when specific insurance coverage for data protection is required

Suggested Schedules

1. Schedule 1 - Specified Confidential Information: Detailed list of specific documents, data, or information covered by the agreement

2. Schedule 2 - Authorized Personnel: List of individuals authorized to access the confidential information

3. Schedule 3 - Security Protocols: Detailed security measures and procedures for handling confidential information

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

5. Appendix B - Incident Response Plan: Procedures to follow in case of unauthorized disclosure or security breach

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

Relevant legal definitions
Clauses
Relevant Industries

Technology

Manufacturing

Healthcare

Financial Services

Professional Services

Telecommunications

Pharmaceutical

Retail

Energy

Real Estate

Education

Research and Development

Mining

Agriculture

Construction

Relevant Teams

Legal

Compliance

Information Security

Risk Management

Corporate Affairs

Business Development

Research and Development

Operations

Human Resources

Finance

Procurement

Executive Leadership

Information Technology

Innovation

Strategy

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Legal Counsel

Chief Financial Officer

Business Development Manager

Project Manager

Research Director

Technology Officer

Procurement Manager

Human Resources Director

Operations Manager

Compliance Officer

Risk Manager

Information Security Officer

Contract Administrator

Corporate Secretary

Innovation Manager

Strategic Planning 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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