The Real Estate Broker Confidentiality Agreement is essential in Singapore's property market where sensitive information about properties, pricing, and transactions must be protected. This agreement, compliant with Singapore's Estate Agents Act 2010 and regulated by the Council for Estate Agencies (CEA), is typically used when property owners or developers share confidential details with brokers during property listings, sales, or development projects. It safeguards business strategies, financial information, and personal data while allowing brokers to effectively market properties.
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Key Requirements PROMPT example:
Real Estate Broker Confidentiality Agreement
"I need a Real Estate Broker Confidentiality Agreement for my luxury property development in Singapore, protecting sensitive pricing strategies and client information, to be used with multiple brokers starting January 2025."
1. Parties: Identifies the broker and the disclosing party
2. Background: Context of the agreement and relationship between parties
3. Definitions: Defines key terms including 'Confidential Information'
4. Scope of Confidential Information: Specifies what information is covered by the agreement
5. Obligations of Confidentiality: Details the broker's duties to maintain confidentiality
6. Permitted Use: Specifies allowed uses of confidential information
7. Term and Termination: Duration of confidentiality obligations
8. Return of Confidential Information: Requirements for returning or destroying confidential materials
1. Data Protection Compliance: Additional provisions for compliance with Personal Data Protection Act (PDPA) when personal data is involved
2. Intellectual Property Rights: Protection of intellectual property rights in confidential materials when proprietary information is involved
3. Indemnification: Compensation provisions for breach of agreement, typically included for high-value transactions
4. Insurance Requirements: Professional indemnity insurance provisions for large commercial properties
1. Schedule 1: Description of Confidential Information: Detailed list of protected information types
2. Schedule 2: Authorized Representatives: List of persons authorized to receive confidential information
3. Schedule 3: Security Measures: Required security protocols for protecting information
4. Appendix A: Data Protection Procedures: Specific procedures for PDPA compliance
Authors
Relevant legal definitions
Confidential Information
Permitted Purpose
Authorised Representatives
Business Day
Disclosing Party
Receiving Party
Term
Property
Transaction
Personal Data
Affiliate
Agreement
Effective Date
Representatives
CEA
Confidential Materials
Proprietary Information
Related Entities
Security Measures
Trade Secrets
Client Information
Market Sensitive Information
Property Details
Listing Information
Material Terms
Professional Standards
Agency Relationship
Brokerage Services
Permitted Purpose
Authorised Representatives
Business Day
Disclosing Party
Receiving Party
Term
Property
Transaction
Personal Data
Affiliate
Agreement
Effective Date
Representatives
CEA
Confidential Materials
Proprietary Information
Related Entities
Security Measures
Trade Secrets
Client Information
Market Sensitive Information
Property Details
Listing Information
Material Terms
Professional Standards
Agency Relationship
Brokerage Services
Clauses
Confidentiality Obligations
Non-Disclosure
Permitted Use
Return of Information
Data Protection
Security Measures
Term and Duration
Termination
Representations and Warranties
Indemnification
Breach and Remedies
Governing Law
Dispute Resolution
Force Majeure
Assignment
Notices
Entire Agreement
Severability
Third Party Rights
Professional Standards
Record Keeping
Compliance with Laws
Agency Obligations
Property Information Handling
Client Protection
Market Information Use
Amendments
Survival
Non-Disclosure
Permitted Use
Return of Information
Data Protection
Security Measures
Term and Duration
Termination
Representations and Warranties
Indemnification
Breach and Remedies
Governing Law
Dispute Resolution
Force Majeure
Assignment
Notices
Entire Agreement
Severability
Third Party Rights
Professional Standards
Record Keeping
Compliance with Laws
Agency Obligations
Property Information Handling
Client Protection
Market Information Use
Amendments
Survival
Relevant Industries
Relevant Teams
Relevant Roles
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