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Information Sharing Agreement

Information Sharing Agreement Template for Singapore

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Key Requirements PROMPT example:

Information Sharing Agreement

"I need an Information Sharing Agreement governed by Singapore law for sharing customer data between our fintech company and a third-party analytics provider, with strict security requirements and PDPA compliance measures starting from March 2025."

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Document background
An Information Sharing Agreement is essential when organizations need to share sensitive or confidential information while maintaining legal compliance and protecting their interests. This agreement, governed by Singapore law, establishes clear protocols for information exchange, incorporating requirements from the Personal Data Protection Act (PDPA), Cybersecurity Act, and other relevant Singapore legislation. It is particularly important in situations involving regular data exchange, collaborative projects, or regulatory reporting requirements, providing a framework for secure and compliant information sharing while managing associated risks.
Suggested Sections

1. Parties: Identification and details of all parties to the agreement

2. Background: Context and purpose of the information sharing arrangement

3. Definitions: Key terms used throughout the agreement

4. Scope of Information Sharing: Details of what information will be shared and for what purposes

5. Data Protection Obligations: PDPA compliance requirements and data protection measures

6. Confidentiality: Confidentiality obligations and restrictions

7. Security Standards: Required security measures for handling shared information

8. Term and Termination: Duration of agreement and termination provisions

Optional Sections

1. Cross-border Transfers: Provisions for international data transfers when information will be transferred outside Singapore

2. Breach Notification: Procedures for handling and reporting data breaches when handling sensitive or regulated data

3. Audit Rights: Rights to audit compliance with the agreement for high-risk or regulated information sharing

4. Insurance Requirements: Required insurance coverage when sharing highly sensitive or valuable information

Suggested Schedules

1. Schedule 1 - Types of Information: Detailed list of information types to be shared

2. Schedule 2 - Security Standards: Technical and organizational security requirements

3. Schedule 3 - Authorized Personnel: List of authorized personnel who may access shared information

4. Schedule 4 - Data Processing Requirements: Specific requirements for processing shared information

5. Schedule 5 - Contact Points: Key contacts for operational and emergency matters

Authors

Alex Denne

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

alex.den.21@genieai.co
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Industries

Personal Data Protection Act 2012 (PDPA): Primary legislation governing collection, use, disclosure and care of personal data in Singapore. Includes requirements for consent, purpose limitation, notification, data protection obligations and cross-border data transfer requirements.

Computer Misuse Act: Legislation providing protection against unauthorized access and use of computer material, relevant for data security provisions in information sharing agreements.

Official Secrets Act: Legislation governing handling of government-related and classified information, must be considered if any government data is involved in the information sharing.

Banking Act: Legislation containing banking secrecy provisions, must be considered if financial information is part of the information sharing agreement.

Cybersecurity Act 2018: Establishes requirements for cybersecurity standards and protection of critical information infrastructure in Singapore.

Evidence Act: Contains provisions regarding electronic records and evidence, particularly important for dispute resolution clauses in the agreement.

Electronic Transactions Act: Provides legal recognition of electronic records and signatures, relevant for agreement execution and electronic information sharing.

Competition Act: Ensures information sharing arrangements don't violate competition laws or constitute anti-competitive practices.

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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