Compensation Non Disclosure Agreement Template for Philippines

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Key Requirements PROMPT example:

Compensation Non Disclosure Agreement

"I need a Compensation Non-Disclosure Agreement for engaging a technology consultant who will have access to our proprietary software code and will be paid PHP 150,000 per month, with the agreement starting January 1, 2025."

Document background
The Compensation Non-Disclosure Agreement is essential in situations where confidential information needs to be shared while establishing payment terms for services or collaboration. This document type is commonly used in the Philippines when engaging consultants, contractors, or service providers who will have access to sensitive business information. It addresses both the protection of confidential information and the compensation structure, ensuring compliance with Philippine regulations including the Civil Code, Labor Code, and Data Privacy Act. The agreement is particularly valuable for businesses operating in the Philippines who need to protect their intellectual property, trade secrets, and other confidential information while establishing clear compensation terms with their business partners or service providers. It includes specific provisions for enforcement under Philippine law and typically covers aspects such as payment schedules, confidentiality obligations, permitted uses of information, and remedies for breach.
Suggested Sections

1. Parties: Identification of all parties to the agreement, including full legal names, addresses, and corporate details if applicable

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

3. Definitions: Detailed definitions of key terms including 'Confidential Information', 'Compensation', 'Permitted Purpose', and other relevant terms

4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement

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

6. Compensation Terms: Details of compensation amount, payment schedule, and conditions for payment

7. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

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

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

10. Governing Law and Jurisdiction: Specification of Philippine law as governing law and jurisdiction for disputes

11. Execution: Signature blocks and execution requirements

Optional Sections

1. Permitted Disclosures: Additional section when there are specific circumstances where disclosure is permitted, such as to professional advisors or regulators

2. Data Privacy Compliance: Required when the confidential information includes personal data protected under the Data Privacy Act

3. Intellectual Property Rights: Needed when confidential information includes IP or when IP might be created during the engagement

4. Insurance Requirements: Include when requiring professional indemnity or other insurance coverage

5. Performance Metrics: When compensation is tied to specific performance criteria or milestones

6. Audit Rights: When one party needs the right to audit compliance with the agreement

7. Non-Competition: When additional restrictions on competition are required

8. Survival Clauses: Specific provisions about which obligations survive termination

Suggested Schedules

1. Schedule A - Confidential Information: Detailed list or categories of confidential information covered

2. Schedule B - Compensation Structure: Detailed breakdown of compensation amounts, calculation methods, and payment schedules

3. Schedule C - Authorized Representatives: List of individuals authorized to receive or handle confidential information

4. Schedule D - Security Protocols: Specific security measures required for protecting confidential information

5. Appendix 1 - Permitted Purpose: Detailed description of the permitted use of confidential information

6. Appendix 2 - Return/Destruction Certificate: Template certificate confirming return or destruction of 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

Relevant Industries

Technology

Financial Services

Healthcare

Professional Services

Manufacturing

Research & Development

Telecommunications

Pharmaceuticals

Education

Energy

Legal Services

Business Process Outsourcing

Engineering

Entertainment & Media

Relevant Teams

Legal

Human Resources

Finance

Procurement

Information Technology

Research and Development

Business Development

Operations

Compliance

Risk Management

Innovation

Executive Leadership

Project Management

Administrative

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Legal Counsel

Human Resources Director

Project Manager

Business Development Manager

Procurement Manager

Research Director

IT Security Manager

Compliance Officer

Operations Manager

Contract Administrator

Risk Manager

Innovation Director

Technical Consultant

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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