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Confidentiality Waiver Template for Malaysia

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Key Requirements PROMPT example:

Confidentiality Waiver

"I need a Confidentiality Waiver under Malaysian law to allow our potential investors to share our company's financial information with their external advisors during the due diligence process, which should be effective from March 1, 2025."

Document background
The Confidentiality Waiver is essential in Malaysian business contexts where parties need to be formally released from existing confidentiality obligations. This document becomes necessary during corporate transactions, business collaborations, or when confidential information needs to be shared with third parties. It must comply with Malaysian legislation, including the Personal Data Protection Act 2010 and the Contracts Act 1950. The waiver carefully balances the need for information sharing with legal protection, specifying exactly what confidential information can be disclosed, to whom, and under what circumstances. It's particularly crucial in scenarios involving corporate restructuring, due diligence processes, or when transitioning business relationships.
Suggested Sections

1. Identification of Parties: Details of the party granting the waiver and the party receiving the waiver

2. Reference to Original Confidentiality Obligations: Clear reference to the original agreement or obligation that imposed the confidentiality requirements

3. Scope of Waiver: Specific description of what confidential information is being waived and to what extent

4. Effective Date: The date from which the waiver becomes effective

5. Acknowledgment and Agreement: Formal statement of the parties' agreement to the waiver

6. Governing Law: Specification that Malaysian law governs the waiver

Optional Sections

1. Duration of Waiver: Include when the waiver is temporary or time-limited rather than permanent

2. Permitted Recipients: Used when the waiver extends to specific third parties or groups

3. Surviving Obligations: Include when certain confidentiality obligations remain in effect

4. Regulatory Compliance: Required for regulated industries or when specific compliance requirements must be addressed

5. Consideration: Include when there is payment or other consideration for the waiver

6. Revocation Rights: Include when the waiver can be revoked under certain conditions

Suggested Schedules

1. Schedule A - Original Confidentiality Agreement: Copy or reference to the original confidentiality agreement being waived

2. Schedule B - Specific Information: Detailed list of confidential information covered by the waiver

3. Schedule C - Related Agreements: List of other agreements affected by or related to the waiver

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Industries

Technology

Financial Services

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Relevant Teams

Legal

Compliance

Executive Leadership

Human Resources

Information Security

Risk Management

Corporate Governance

Business Development

Research and Development

Mergers and Acquisitions

Operations

Procurement

Relevant Roles

Legal Counsel

Compliance Officer

Chief Executive Officer

Chief Financial Officer

Human Resources Director

Business Development Manager

Project Manager

Corporate Secretary

Risk Manager

Information Security Officer

Operations Director

Procurement Manager

Research Director

Mergers & Acquisitions Director

Industries






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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