Product Development Non Disclosure Agreement Template for Malaysia

The Product Development Non Disclosure Agreement is essential when companies or individuals engage in collaborative product development activities where sensitive technical, design, or business information needs to be shared. Under Malaysian law, this agreement provides crucial protection for intellectual property and confidential information during the development process. It's commonly used when engaging external developers, consultants, or partners in product development initiatives, ensuring that proprietary information, technical specifications, prototypes, and development methodologies remain confidential. The agreement complies with Malaysian legal requirements while incorporating international best practices for protecting sensitive product development information.

1. Parties: Identification of the disclosing party (typically the product owner) and receiving party (typically the developer/contractor), including full legal names and addresses

2. Background: Context of the agreement, including the nature of the product development project and the need for confidentiality

3. Definitions: Key terms including 'Confidential Information', 'Product', 'Development Activities', 'Intellectual Property Rights', and 'Representatives'

4. Scope of Confidential Information: Detailed description of what constitutes confidential information in the context of product development, including technical specifications, designs, prototypes, and development methodologies

5. Obligations of Confidentiality: Core confidentiality obligations, including handling, storage, and protection of confidential information

6. Permitted Use: Specific allowed uses of confidential information for product development purposes

7. Security Measures: Required security protocols for protecting confidential information during development activities

8. Return or Destruction of Confidential Information: Procedures for returning or destroying confidential information upon project completion or termination

9. Intellectual Property Rights: Clarification that the agreement doesn't transfer any IP rights and protection of existing IP

10. Term and Termination: Duration of the agreement and termination provisions

11. Breach and Remedies: Consequences of breach and available remedies including injunctive relief

12. General Provisions: Standard clauses including governing law, jurisdiction, entire agreement, and amendments