Non Disclosure Agreement For Selling A Business Template for Philippines

1. Non-Solicitation: Prohibits solicitation of employees or customers, recommended when the potential buyer could be a competitor

2. Non-Circumvention: Prevents the potential buyer from circumventing the seller in dealing with key business relationships, useful when disclosing customer/supplier information

3. Securities Laws Compliance: Required if the business is publicly traded or involves securities transactions

4. Data Privacy Compliance: Specific provisions addressing compliance with the Philippine Data Privacy Act, necessary when personal data will be shared

5. Notice Requirements: Detailed procedures for required notices, useful in complex transactions

6. Representative Obligations: Additional provisions regarding representatives' compliance, recommended for large-scale due diligence

7. Competitive Intelligence Restriction: Prohibits use of information for competitive intelligence, important when sharing with competitors

1. Schedule A - Authorized Representatives: List of authorized representatives who will have access to confidential information

2. Schedule B - Specific Confidential Information: Detailed categorization of confidential information to be disclosed

3. Schedule C - Security Protocols: Specific procedures for handling and securing confidential information

4. Appendix 1 - Acknowledgment Form: Form for representatives to acknowledge their confidentiality obligations

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