This Standard NDA is designed for use in Singapore business contexts where parties need to share confidential information while ensuring legal protection. The agreement incorporates Singapore's robust legal framework for protecting business secrets and confidential information, including provisions aligned with the Personal Data Protection Act 2012 and Contract Law Act 1999. It's particularly useful in business negotiations, potential partnerships, employment relationships, and other situations requiring information sharing with confidentiality safeguards.
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Key Requirements PROMPT example:
Standard NDA
"Need a Standard NDA under Singapore law to protect our AI algorithm development when sharing with potential investors, particularly focusing on source code protection and including specific provisions for data protection compliance."
1. Parties: Identification and details of the disclosing and receiving parties
2. Background: Context and purpose of the NDA
3. Definitions: Key terms including 'Confidential Information', 'Purpose', 'Representatives'
4. Confidentiality Obligations: Core obligations regarding use and protection of confidential information
5. Term and Termination: Duration of the agreement and termination provisions
6. Return of Confidential Information: Obligations regarding return or destruction of confidential materials
7. Governing Law: Specification of Singapore law and jurisdiction
1. Non-Competition: Restrictions on competitive activities, used when protecting business interests between potential competitors
2. Non-Solicitation: Restrictions on soliciting employees or customers, used when protecting employee relationships or customer base
3. Data Protection: Specific provisions for handling personal data under PDPA requirements
4. Assignment: Rights to transfer obligations under the agreement, used when transfer of rights may be needed
1. Schedule of Confidential Information: Detailed list or categories of confidential information covered
2. Schedule of Authorized Representatives: List of individuals authorized to receive confidential information
3. Schedule of Specific Projects: Details of specific projects or purposes for which information is shared
Authors
Relevant legal definitions
Clauses
Confidentiality Obligations
Permitted Use
Permitted Disclosure
Return or Destruction of Information
Term and Termination
Exceptions to Confidentiality
Security Measures
Non-Competition
Non-Solicitation
Intellectual Property Rights
Data Protection
Breach and Remedies
Injunctive Relief
Notice Requirements
Assignment
Governing Law
Jurisdiction
Entire Agreement
Severability
Survival
Permitted Use
Permitted Disclosure
Return or Destruction of Information
Term and Termination
Exceptions to Confidentiality
Security Measures
Non-Competition
Non-Solicitation
Intellectual Property Rights
Data Protection
Breach and Remedies
Injunctive Relief
Notice Requirements
Assignment
Governing Law
Jurisdiction
Entire Agreement
Severability
Survival
Relevant Industries
Relevant Teams
Relevant Roles
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