��������Ƶ

A Bilateral Confidentiality Agreement is essential when two parties need to share sensitive information while ensuring its protection under Philippine law. This document is commonly used in business negotiations, potential partnerships, due diligence processes, and other commercial relationships where confidential information needs to be exchanged. It incorporates key requirements from Philippine legislation, including the Data Privacy Act of 2012, the Civil Code of the Philippines, and relevant intellectual property laws. The agreement is particularly important in the Philippine business context, where protection of trade secrets and confidential information relies heavily on contractual obligations. It serves as a crucial tool for businesses operating in the Philippines to establish clear guidelines for information sharing while maintaining legal protection.

1. Parties: Identification of both parties entering into the confidentiality agreement, including full legal names, addresses, and company registration details if applicable

2. Background: Context of the agreement, including the purpose of sharing confidential information and the nature of the business relationship

3. Definitions: Clear definitions of key terms, especially 'Confidential Information', 'Permitted Purpose', 'Representatives', and other relevant terms

4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement

5. Obligations of Confidentiality: Core confidentiality obligations, including duty of care, non-disclosure requirements, and permitted uses

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including to employees, advisors, or as required by law

7. Security Measures: Required measures to protect confidential information from unauthorized access or disclosure

8. Return or Destruction of Confidential Information: Obligations regarding the handling of confidential information upon termination or request

9. Duration and Termination: Term of the agreement and survival of obligations after termination

10. Breach and Remedies: Consequences of breach and available remedies, including injunctive relief

11. Governing Law and Jurisdiction: Specification of Philippine law as governing law and choice of jurisdiction for disputes

12. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and severability