The Non Disclosure Agreement For Sale Of Business is essential when contemplating the sale of a business in Singapore, where confidential information needs to be shared for due diligence purposes. It provides legal protection under Singapore law for sensitive business information, including financial records, trade secrets, customer lists, and operational procedures. This document is typically executed before detailed discussions or due diligence begin, and includes provisions for PDPA compliance, specific remedies under Singapore law, and clear obligations for handling confidential information both during and after the potential transaction.
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Key Requirements PROMPT example:
Non Disclosure Agreement For Sale Of Business
"I need a Non Disclosure Agreement For Sale Of Business under Singapore law to protect confidential information while selling my technology startup to a multinational corporation, with special emphasis on protecting our source code and customer data, and including strict non-compete provisions for the APAC region."
1. Parties: Identification of disclosing and receiving parties, including full legal names and registered addresses
2. Background: Context of the proposed business sale and purpose of the NDA
3. Definitions: Key terms including 'Confidential Information', 'Representatives', 'Permitted Purpose'
4. Confidentiality Obligations: Core obligations regarding use and protection of confidential information
5. Permitted Disclosures: Circumstances under which confidential information may be shared
6. Term and Survival: Duration of the agreement and obligations that continue after termination
7. Return of Confidential Information: Obligations regarding return or destruction of confidential materials
8. Remedies: Legal remedies available in case of breach
9. Governing Law: Specification of Singapore law and jurisdiction
1. Non-Solicitation: Prevents poaching of employees/customers during business sale discussions
2. Non-Competition: Restricts competitive activities during and after business sale discussions
3. Data Protection: PDPA compliance provisions for handling personal data
4. Intellectual Property Rights: Specific IP protection provisions for business assets
5. Dispute Resolution: Alternative dispute resolution procedures including arbitration/mediation options
1. Schedule 1 - Confidential Information: Detailed list of what constitutes confidential information for the business sale
2. Schedule 2 - Authorized Representatives: List of individuals authorized to receive confidential information during due diligence
3. Schedule 3 - Security Protocols: Specific procedures for handling confidential information during the business sale process
4. Schedule 4 - Excluded Information: Information specifically excluded from confidentiality obligations in the context of the business sale
Authors
Relevant legal definitions
Confidential Information
Business
Permitted Purpose
Representatives
Disclosing Party
Receiving Party
Affiliate
Agreement
Authorized Recipients
Business Day
Commencement Date
Competitive Business
Contemplated Transaction
Due Diligence
Effective Date
Evaluation Period
Excluded Information
Group
Intellectual Property Rights
Material Adverse Effect
Negotiation Period
Notice
Party/Parties
Personal Data
Proprietary Information
Related Corporation
Relevant Period
Security Protocols
Survival Period
Trade Secrets
Transaction Documents
Business
Permitted Purpose
Representatives
Disclosing Party
Receiving Party
Affiliate
Agreement
Authorized Recipients
Business Day
Commencement Date
Competitive Business
Contemplated Transaction
Due Diligence
Effective Date
Evaluation Period
Excluded Information
Group
Intellectual Property Rights
Material Adverse Effect
Negotiation Period
Notice
Party/Parties
Personal Data
Proprietary Information
Related Corporation
Relevant Period
Security Protocols
Survival Period
Trade Secrets
Transaction Documents
Clauses
Confidentiality Obligations
Non-Disclosure
Permitted Use
Information Security
Data Protection
Return of Information
Non-Solicitation
Non-Competition
Term and Duration
Permitted Disclosures
Exceptions to Confidentiality
Representatives' Obligations
Notice Requirements
Remedies
Injunctive Relief
Indemnification
Survival
Assignment
Severability
Entire Agreement
Amendment
Waiver
Third Party Rights
Counterparts
Electronic Execution
Governing Law
Jurisdiction
Dispute Resolution
Non-Disclosure
Permitted Use
Information Security
Data Protection
Return of Information
Non-Solicitation
Non-Competition
Term and Duration
Permitted Disclosures
Exceptions to Confidentiality
Representatives' Obligations
Notice Requirements
Remedies
Injunctive Relief
Indemnification
Survival
Assignment
Severability
Entire Agreement
Amendment
Waiver
Third Party Rights
Counterparts
Electronic Execution
Governing Law
Jurisdiction
Dispute Resolution
Relevant Industries
Relevant Teams
Relevant Roles
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