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Non Disclosure Agreement For Software Development
"I need a Non Disclosure Agreement For Software Development to protect our proprietary AI algorithms and source code while working with an external development team in Singapore on a new fintech application, starting January 2025."
1. Parties: Identification of the disclosing and receiving parties, including their registered addresses and company registration numbers
2. Background: Context of the software development project and purpose of sharing confidential information
3. Definitions: Key terms including 'Confidential Information', 'Software', 'Intellectual Property Rights', 'Representatives'
4. Confidentiality Obligations: Core obligations regarding non-disclosure, protection and permitted uses of confidential information
5. Term and Termination: Duration of the agreement and circumstances for termination
6. Return of Confidential Information: Obligations regarding return or destruction of confidential information
7. Governing Law and Jurisdiction: Singapore law as governing law and jurisdiction for disputes
1. Data Protection: Additional provisions for compliance with Personal Data Protection Act (PDPA) when personal data will be shared
2. Non-Solicitation: Provisions preventing parties from poaching staff or clients during and after the agreement term
3. Specific Security Requirements: Detailed IT security measures required for handling particularly sensitive technical information
4. Insurance Requirements: Specific insurance coverage requirements when dealing with high-value intellectual property
1. Schedule 1 - Description of Project: Details of the software development project scope
2. Schedule 2 - Specific Confidential Information: Detailed list of confidential information categories
3. Schedule 3 - Authorized Representatives: List of personnel authorized to receive confidential information
4. Schedule 4 - Security Protocols: Technical and organizational security measures
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