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NDA For Startups
"I need an NDA For Startups to protect our AI technology startup's confidential information when discussing potential Series A funding with investors in Singapore, with special attention to protecting our machine learning algorithms and customer data."
1. Parties: Identification and details of the disclosing and receiving parties
2. Background: Context and purpose of the NDA, including the nature of the proposed business relationship
3. Definitions: Key terms used in the agreement, especially 'Confidential Information'
4. Scope of Confidential Information: Detailed description of what constitutes confidential information
5. Obligations of Receiving Party: Core confidentiality obligations and permitted uses of information
6. Term and Termination: Duration of the agreement and termination provisions
7. Return of Confidential Information: Obligations regarding return or destruction of confidential information
8. Governing Law and Jurisdiction: Specification of Singapore law and courts' jurisdiction
1. Non-Solicitation: Prevents poaching of employees/clients, recommended when protecting human resources is critical
2. Intellectual Property Rights: Clarifies ownership of IP discussed or created during the course of business discussions
3. Data Protection Clauses: Specific PDPA compliance provisions for handling personal data
4. Specific Security Measures: Details of required security protocols for handling sensitive information
1. Schedule of Confidential Information: Detailed list of specific confidential information covered under the agreement
2. Schedule of Authorized Representatives: List of individuals authorized to receive and handle confidential information
3. Schedule of Security Protocols: Specific security measures and procedures to be implemented for information protection
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