Bidirectional NDA

Bidirectional NDA Template for Singapore

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Key Requirements PROMPT example:

"Need a Bidirectional NDA under Singapore law for a potential joint venture between my technology company and a research institution, to be effective from March 2025, with special emphasis on protecting AI algorithms and research data."

Document background

A Bidirectional NDA is essential when two parties need to share sensitive information while exploring potential business relationships or collaborating on projects. This agreement, governed by Singapore law, provides mutual protection for both parties' confidential information, including trade secrets, proprietary technology, business strategies, and customer data. It's particularly relevant in Singapore's business environment, where international commerce and technology transfers are common, and helps establish clear obligations and remedies under Singapore's legal framework.

Suggested Sections

1. Parties: Identification and details of both parties entering into the NDA

2. Background: Context and purpose of the NDA, including the nature of the business relationship

3. Definitions: Key terms including 'Confidential Information', 'Permitted Purpose', 'Representatives'

4. Confidentiality Obligations: Core obligations regarding protection and non-disclosure of confidential information

5. Permitted Uses: Specified legitimate uses of confidential information

6. Term and Termination: Duration of the agreement and termination provisions

7. Return of Information: Obligations regarding return or destruction of confidential information

Optional Sections

1. Residual Rights: Provisions regarding retained knowledge and its use, particularly relevant for technical or professional services providers

2. Non-Solicitation: Provisions preventing parties from soliciting each other's employees or clients, used when parties have valuable relationships to protect

3. Data Protection: Specific provisions for handling personal data under PDPA requirements, used when confidential information includes personal data

Suggested Schedules

1. Description of Confidential Information: Detailed list or categories of information considered confidential

2. Authorized Representatives: List of individuals authorized to receive confidential information

3. Security Protocols: Specific procedures for handling and protecting confidential information

Authors

Alex Denne

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Technology and Software
Financial Services
Healthcare
Manufacturing
Professional Services

Relevant Teams

Legal
Research & Development
Business Development
Information Technology
Executive Leadership

Relevant Roles

Chief Executive Officer
Chief Technology Officer
Business Development Manager
Legal Counsel
Project Manager

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Authors

Alex Denne

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