Non Disclosure Agreement Settlement Template for Philippines

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Non Disclosure Agreement Settlement

"I need a Non-Disclosure Agreement Settlement to resolve a breach by a former software contractor who shared our proprietary code on GitHub, ensuring they remove all shared content and maintain future confidentiality while releasing us from any counter-claims."

Document background

The Non-Disclosure Agreement Settlement is a crucial legal document used when parties need to resolve disputes or modify obligations arising from an existing confidentiality agreement while operating under Philippine law. This document becomes necessary when there have been alleged or actual breaches of confidentiality, when circumstances require modification of existing obligations, or when parties need to formally terminate certain obligations while maintaining others. It addresses both the settlement of past issues and the establishment or continuation of confidentiality obligations, incorporating compliance requirements with Philippine regulations including the Data Privacy Act of 2012 and the Intellectual Property Code. The document provides a comprehensive framework for dispute resolution while protecting sensitive information and trade secrets, making it essential for businesses and individuals dealing with confidential matters in the Philippine jurisdiction.

Suggested Sections

1. Parties: Identification of all parties to the settlement agreement, including full legal names and addresses

2. Background: Recitals detailing the original NDA, any disputes or breaches, and the intention to settle

3. Definitions: Defined terms including 'Confidential Information', 'Original Agreement', 'Settlement Date', and other key terms

4. Settlement Terms: Details of the settlement including any payments, actions required, and mutual releases

5. Acknowledgment of Breaches: Statement of any admitted or alleged breaches of the original NDA

6. Continuing Obligations: Specification of ongoing confidentiality obligations that survive the settlement

7. Mutual Releases: Terms of mutual release from claims related to the original NDA and disputed matters

8. Representations and Warranties: Statements of fact and promises made by each party

9. Governing Law and Jurisdiction: Specification of Philippine law as governing law and choice of jurisdiction

10. General Provisions: Standard contract clauses including severability, entire agreement, and amendments

Optional Sections

1. Return or Destruction of Confidential Information: Specific provisions for handling existing confidential materials, used when physical or electronic materials need to be returned or destroyed

2. Third Party Rights: Provisions regarding rights of third parties, included when confidential information involves or affects third parties

3. Regulatory Compliance: Special provisions for regulatory requirements, included when settlement involves regulated industries or information

4. Non-Disparagement: Mutual agreements not to make negative statements, included in high-profile or contentious settlements

5. Cooperation in Legal Proceedings: Obligations to cooperate in future legal matters, included when ongoing legal issues exist

6. Insurance and Indemnification: Specific provisions for insurance coverage and indemnification, included when significant liability risks exist

Suggested Schedules

1. Schedule A - Original Non-Disclosure Agreement: Copy of the original NDA being settled

2. Schedule B - Confidential Information Definition: Detailed description of information covered by continuing confidentiality obligations

3. Schedule C - Settlement Payment Terms: Details of any financial settlement including payment schedules and methods

4. Schedule D - Destruction Certificate: Template certificate confirming destruction of confidential materials

5. Schedule E - Specific Actions Required: Detailed list of specific actions required by each party under the settlement

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

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Manufacturing

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Legal

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Executive Leadership

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Risk Management

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Chief Legal Officer

General Counsel

Compliance Officer

Chief Financial Officer

Chief Technology Officer

Human Resources Director

Intellectual Property Manager

Privacy Officer

Risk Manager

Business Development Director

Research Director

Project Manager

Corporate Secretary

Information Security Officer

Find the exact document you need

Non Disclosure Agreement For Clients

A Philippine law-compliant Non-Disclosure Agreement template for protecting confidential information in client relationships.

How Genie AI reduced drafting time by 75% for a legal firm

Let's create your Non Disclosure Agreement Settlement

Authors

Alex Denne

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