Non Disclosure Settlement Agreement for Singapore

Non Disclosure Settlement Agreement Template for Singapore

A Non-Disclosure Settlement Agreement under Singapore law is a legally binding document that combines settlement terms with confidentiality obligations. It is governed by Singapore's legal framework, including the Civil Law Act and Personal Data Protection Act. The agreement resolves disputes while ensuring that sensitive information remains confidential, providing clear terms for settlement payments, confidentiality obligations, and enforcement mechanisms under Singapore jurisdiction.

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What is a Non Disclosure Settlement Agreement?

The Non Disclosure Settlement Agreement is utilized when parties need to resolve a dispute while maintaining confidentiality about both the settlement terms and any sensitive information exchanged during the relationship or dispute. This document is particularly relevant in Singapore's business environment, where protection of confidential information is crucial. It incorporates both settlement terms (such as payment obligations or mutual releases) and comprehensive confidentiality provisions, ensuring compliance with Singapore's robust legal framework for data protection and contractual obligations.

What sections should be included in a Non Disclosure Settlement Agreement?

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

2. Background/Recitals: Context of the dispute and circumstances leading to the settlement

3. Definitions: Defined terms used tHRoughout the agreement, including 'Confidential Information'

4. Settlement Terms: Core terms of the settlement including any payments or actions required

5. Confidentiality Obligations: Detailed obligations regarding confidential information, including scope and duration

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

7. Governing Law: Specification of Singapore law as governing law

What sections are optional to include in a Non Disclosure Settlement Agreement?

1. Non-Disparagement: Mutual obligations not to make negative statements about any party

2. Return of Materials: Provisions for returning or destroying confidential materials

3. Press Releases: Terms regarding public statements about the settlement

4. Third Party Rights: Rights of third parties under the agreement

5. Insurance and Indemnity: Additional protection against future claims

What schedules should be included in a Non Disclosure Settlement Agreement?

1. Schedule of Confidential Information: Detailed list of information deemed confidential

2. Schedule of Settlement Payments: Payment terms, amounts, and timelines if applicable

3. Form of Release: Standard form for releasing claims

4. Authorized Recipients: List of persons authorized to receive confidential information

5. Security Protocols: Procedures for handling and protecting confidential information

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

Jurisdiction

Singapore

Publisher

Genie AI

Cost

Free to use
Industries

Civil Law Act (Cap. 43): Primary legislation governing contract law principles in Singapore, establishing the framework for contract formation, validity, and enforcement

Personal Data Protection Act 2012 (PDPA): Legislation governing the collection, use, disclosure, and protection of personal data in Singapore, crucial for confidentiality agreements

Evidence Act (Cap. 97): Regulates the admissibility of evidence and confidential communications in legal proceedings

Employment Act (Cap. 91): Key legislation for employment relationships and obligations when NDA involves employees or employment-related settlements

Copyright Act (Cap. 63): Protects intellectual property rights and copyrighted materials that may be subject to confidentiality

Patents Act (Cap. 221): Governs patent rights and protection, relevant when confidential information includes patentable innovations

Trade Marks Act (Cap. 332): Protects trademark rights that may be part of confidential information in the settlement agreement

Mediation Act 2017: Framework for mediation procedures in Singapore, relevant for dispute resolution provisions

Arbitration Act (Cap. 10): Governs arbitration proceedings in Singapore, important for alternative dispute resolution clauses

Supreme Court of Judicature Act: Establishes jurisdiction and powers of Singapore courts in handling legal disputes

Limitation Act (Cap. 163): Sets time limits for enforcement of contractual rights and legal actions

Common Law Principles: Non-statutory legal principles from case law covering contract formation, confidentiality obligations, and remedies for breach

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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