Product Development NDA Template for Philippines

This Product Development NDA is essential for companies and individuals engaged in product development activities within the Philippine jurisdiction. It should be used when parties need to share sensitive information related to new product development, including technical specifications, designs, prototypes, and proprietary methodologies. The agreement ensures compliance with Philippine legislation, particularly the Intellectual Property Code (Republic Act No. 8293) and the Data Privacy Act of 2012 (Republic Act No. 10173). The document is specifically structured to protect both technical and commercial confidential information during the product development lifecycle, from initial concept through to final development. This type of NDA is particularly important as it includes specific provisions for handling technical documentation, prototype information, and development methodologies, distinguishing it from standard NDAs. It provides comprehensive protection while facilitating necessary information sharing for successful product development collaboration.

1. Parties: Identification of the disclosing and receiving parties, including their legal names, addresses, and company registration details

2. Background: Context of the product development relationship and purpose of sharing confidential information

3. Definitions: Key terms including 'Confidential Information', 'Product', 'Development Activities', 'Intellectual Property Rights', and other relevant terms

4. Scope of Confidential Information: Detailed description of what constitutes confidential information in the context of product development

5. Obligations of Confidentiality: Core confidentiality obligations, including storage, handling, and protection of confidential information

6. Permitted Use and Disclosure: Specific permitted uses of confidential information for product development purposes and allowed disclosures to employees/contractors

7. Product Development Rights: Rights and restrictions regarding the use of confidential information in product development activities

8. Intellectual Property Rights: Ownership and rights related to existing and newly created intellectual property

9. Return or Destruction of Confidential Information: Requirements for handling confidential information upon agreement termination

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

11. Breach and Remedies: Consequences of breach and available legal remedies

12. General Provisions: Standard clauses including governing law, jurisdiction, and entire agreement