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Non Disclosure Agreement For Suppliers
"I need a Non Disclosure Agreement For Suppliers to protect confidential manufacturing processes and product designs that we'll be sharing with our new component supplier in China, with the agreement to take effect from March 2025."
1. Parties: Identification of the disclosing party (typically the company) and receiving party (the supplier)
2. Background: Context of the relationship and purpose of sharing confidential information
3. Definitions: Key terms including 'Confidential Information', 'Representatives', 'Permitted Purpose'
4. Confidentiality Obligations: Core obligations regarding protection and non-disclosure of confidential information
5. Permitted Use and Disclosure: Scope of allowed use and circumstances under which disclosure is permitted
6. Return or Destruction of Information: Requirements for handling confidential information upon termination or request
7. Term and Termination: Duration of the agreement and termination provisions
8. Governing Law and Jurisdiction: Singapore law and courts jurisdiction clause
1. Data Protection: Additional provisions for compliance with Singapore Personal Data Protection Act (PDPA) when personal data may be shared
2. Securities Trading: Provisions preventing insider trading when listed company information may be shared
3. Intellectual Property: Additional provisions regarding IP ownership and licensing when IP-sensitive information is involved
4. Non-Solicitation: Provisions restricting hiring or soliciting employees when employee information may be shared
5. Assignment: Provisions governing rights to transfer obligations when transfer rights need to be restricted
1. Description of Confidential Information: Detailed list or categories of confidential information covered by the agreement
2. Authorized Representatives: List of personnel authorized to receive and handle confidential information
3. Security Requirements: Specific security measures required for protection of confidential information
4. Data Processing Requirements: Specific requirements for handling personal data under PDPA if applicable
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