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Invention Disclosure Agreement Template for Singapore

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Key Requirements PROMPT example:

Invention Disclosure Agreement

"I need an Invention Disclosure Agreement to protect my new software authentication technology while discussing it with potential investors in Singapore, with strict provisions about reverse engineering and a 3-year confidentiality period starting March 2025."

Document background
The Invention Disclosure Agreement serves as a critical tool in Singapore's innovation ecosystem, enabling inventors and businesses to safely discuss new technologies while maintaining legal protection. This document is essential when inventors need to share confidential details about their innovations with potential investors, manufacturers, or partners. It complies with Singapore's Patents Act and Trade Secrets Law, establishing clear guidelines for handling sensitive information and protecting intellectual property rights. The agreement typically precedes potential licensing, investment, or collaboration discussions.
Suggested Sections

1. Parties: Identification and details of the disclosing and receiving parties

2. Background: Context of the disclosure and relationship between parties

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

4. Scope of Disclosure: Details of what information will be disclosed

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

6. Use Restrictions: Limitations on how the receiving party may use the information

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

Optional Sections

1. Employee and Contractor Obligations: Additional provisions when receiving party needs to share information with employees or contractors - typically used for corporate recipients

2. Return of Materials: Provisions for returning or destroying confidential materials - included when physical materials are involved

3. Patent Rights: Specific provisions regarding patent applications and rights - included when patent filing is contemplated

Suggested Schedules

1. Schedule 1: Description of Invention: Detailed technical description of the invention being disclosed

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

3. Schedule 3: Disclosure Protocol: Procedures for handling and transmitting confidential information

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

Relevant legal definitions

























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Industries

Patents Act (Chapter 221): Primary legislation governing patent protection in Singapore, covering patentability requirements, inventor rights, ownership of inventions, and disclosure requirements

Trade Secrets Law: Common law principles protecting confidential information and trade secrets, essential for maintaining the secrecy of inventions prior to patent filing

Employment Act (Chapter 91): Legislation governing employment relationships, including provisions related to employee inventions and intellectual property rights in employment context

Contract Law: Common law principles governing contract formation, consideration, capacity to contract, and terms and conditions that form the basis of the disclosure agreement

Competition Act (Chapter 50B): Legislation ensuring agreements do not contain anti-competitive provisions or unreasonable market restrictions

Personal Data Protection Act 2012: Legislation governing the collection, use, and disclosure of personal data, relevant when invention disclosures involve personal information

Scope of Disclosure: Clear definition and parameters of what constitutes the invention and extent of information to be disclosed

Confidentiality Obligations: Specific duties and responsibilities regarding maintaining confidentiality of the disclosed invention

Ownership Rights: Clear stipulation of ownership rights over the invention and any improvements or modifications

Use Restrictions: Limitations and conditions on how the disclosed information can be used by the receiving party

Duration of Obligations: Timeframe for which the confidentiality and other obligations remain in effect

Information Management: Provisions for return or destruction of confidential information after the agreement ends

Remedies: Legal remedies and consequences available in case of breach of the agreement

Assignment Rights: Provisions regarding the ability to assign or license rights related to the invention

Dispute Resolution: Mechanisms and procedures for resolving disputes arising from the agreement

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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