Confidentiality And Non Circumvention Agreement Template for Philippines

The Confidentiality and Non-Circumvention Agreement is essential in Philippine business transactions where parties need to protect both sensitive information and valuable business relationships. It is particularly relevant when companies or individuals need to share confidential information during business negotiations, joint ventures, or potential partnerships while ensuring that their business contacts and opportunities are protected from circumvention. The agreement must comply with Philippine legal requirements, including the Data Privacy Act of 2012, the Civil Code, and relevant intellectual property laws. This document is commonly used in scenarios involving business negotiations, investment opportunities, technology transfers, or when engaging with consultants, potential partners, or service providers where both confidentiality and protection of business relationships are crucial.

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

2. Background: Context of the agreement, including the nature of the business relationship and purpose of sharing confidential information

3. Definitions: Clear definitions of key terms, particularly 'Confidential Information', 'Non-Circumvention', 'Disclosing Party', 'Receiving Party', and other relevant terms

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

5. Confidentiality Obligations: Specific duties and responsibilities regarding the protection and non-disclosure of confidential information

6. Non-Circumvention Obligations: Provisions preventing parties from bypassing each other in business dealings or directly approaching identified contacts

7. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees, advisors, or as required by law

8. Security Measures: Required security measures for protecting confidential information

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

10. Term and Termination: Duration of the agreement and conditions for termination

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

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