The Bilateral Confidentiality Agreement is essential when two parties need to share sensitive business or technical information in Singapore. This document, governed by Singapore law, provides a legal framework for protecting confidential information exchanged during business discussions, negotiations, or collaborations. It addresses compliance with Singapore's Personal Data Protection Act and includes specific provisions for handling, storing, and returning confidential information. The agreement is particularly important in Singapore's business environment, where intellectual property protection and data privacy are strictly regulated.
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1. Parties: Identification and details of both parties entering into the agreement
2. Background: Context and purpose of the confidentiality agreement
3. Definitions: Key terms used in the agreement, particularly 'Confidential Information'
4. Scope of Confidentiality: Details of what information is considered confidential
5. Obligations of the Parties: Specific duties regarding handling of confidential information
6. Term and Termination: Duration of the agreement and termination conditions
7. Return of Confidential Information: Procedures for returning or destroying confidential information
8. Governing Law: Specification of Singapore law as governing law
1. Non-Solicitation: Prevents parties from soliciting each other's employees or clients
2. Data Protection: PDPA compliance requirements and data protection obligations
3. International Transfer: Rules for transferring information across borders
4. Intellectual Property: Protection of IP rights in relation to confidential information
1. Schedule of Confidential Information: Detailed list of specific confidential information covered
2. Schedule of Authorized Personnel: List of individuals authorized to access confidential information
3. Schedule of Security Measures: Specific security protocols to be followed
4. Schedule of Permitted Purposes: Defined purposes for which confidential information may be used
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