Non Disclosure Agreement For Startups Template for Philippines

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Key Requirements PROMPT example:

Non Disclosure Agreement For Startups

"I need a Non Disclosure Agreement For Startups in preparation for our Series A funding round in March 2025, which needs to cover confidential financial projections and intellectual property protection for our fintech platform, compliant with Philippine law."

Document background

The Non-Disclosure Agreement For Startups is essential for Philippine startup companies engaging in various business relationships where confidential information needs to be shared. This document is particularly crucial in the Philippine startup ecosystem, where protecting innovative ideas, business models, and intellectual property is vital for maintaining competitive advantage. The agreement complies with Philippine legislation, including the Data Privacy Act of 2012, the E-Commerce Act, and the Innovative Startup Act, making it suitable for both traditional and digital business operations. It's designed to protect confidential information during investor negotiations, partnership discussions, employee onboarding, and other business relationships typical in the startup growth cycle. The document includes provisions for both physical and digital information protection, reflecting the modern business environment in which Philippine startups operate.

Suggested Sections

1. Parties: Identifies and defines the parties entering into the agreement, including their legal names, addresses, and company registration details

2. Background: Explains the context and purpose of the NDA, including the nature of the business relationship between the parties

3. Definitions: Defines key terms used throughout the agreement, particularly 'Confidential Information', 'Trade Secrets', and other relevant terms

4. Scope of Confidential Information: Clearly specifies what information is considered confidential under the agreement

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

6. Exclusions from Confidential Information: Lists circumstances where information is not considered confidential (public domain, prior knowledge, etc.)

7. Term and Termination: Specifies the duration of the agreement and conditions for termination

8. Return or Destruction of Confidential Information: Procedures for handling confidential information after the agreement ends

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 dispute resolution

Optional Sections

1. Data Privacy Compliance: Additional provisions ensuring compliance with the Data Privacy Act of 2012, necessary when personal data is involved

2. Intellectual Property Rights: Additional provisions clarifying IP ownership and rights, particularly relevant for technology startups

3. Non-Solicitation: Prevents poaching of employees or clients, relevant when parties may have access to internal information

4. Digital Security Measures: Specifies required security protocols for digital information, important for tech-focused startups

5. Third Party Disclosure: Provisions for sharing with authorized third parties like contractors or advisors

6. Publicity Restrictions: Controls on public announcements about the business relationship, important for startups in stealth mode

7. Survival Clause: Specifies which obligations continue after agreement termination

Suggested Schedules

1. Schedule A - Specified Confidential Information: Detailed list of specific confidential information covered by the agreement

2. Schedule B - Authorized Representatives: List of individuals authorized to receive and handle confidential information

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

4. Schedule D - Approved Third Party Recipients: Pre-approved third parties who may receive confidential information

5. Appendix 1 - Data Processing Requirements: Specific requirements for handling personal data under Philippine law

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Technology

E-commerce

Financial Technology

Healthcare Technology

Educational Technology

Software Development

Biotechnology

Artificial Intelligence

Renewable Energy

Digital Marketing

Cloud Services

Mobile Applications

Data Analytics

Internet of Things

Cybersecurity

Retail Technology

Agricultural Technology

Business Services

Relevant Teams

Legal

Executive Leadership

Human Resources

Business Development

Research and Development

Information Technology

Operations

Finance

Compliance

Innovation

Product Development

Partnership Management

Investment Relations

Administrative

Relevant Roles

Chief Executive Officer

Founder

Co-founder

Chief Technology Officer

Chief Financial Officer

Business Development Manager

Legal Counsel

Investment Manager

Startup Advisor

Product Manager

Operations Manager

Human Resources Director

Innovation Officer

Partnership Manager

Technology Director

Compliance Officer

Project Manager

Research and Development Lead

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Non Disclosure Agreement For Clients

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Let's create your Non Disclosure Agreement For Startups

Authors

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