Business Broker NDA Template for Singapore

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Key Requirements PROMPT example:

Business Broker NDA

"I need a Business Broker NDA to protect confidential information during the sale of my Singapore-based manufacturing company, with specific provisions for multiple potential buyers and a non-circumvention clause to protect my broker's interests until March 2025."

Document background
The Business Broker NDA is essential when engaging in business sale transactions in Singapore. This document is specifically designed to protect confidential information shared during the business sale process, including financial data, trade secrets, customer lists, and operational details. The agreement ensures compliance with Singapore's legal framework while facilitating the necessary exchange of information between parties. A Business Broker NDA is particularly crucial as it protects not only the confidential information but also the broker's interests in the transaction.
Suggested Sections

1. Parties: Identification of the broker, disclosing party, and receiving party

2. Background: Context of the business brokerage relationship and purpose of NDA

3. Definitions: Key terms including Confidential Information, Business Opportunity, Permitted Purpose

4. Confidentiality Obligations: Core obligations regarding handling and protection of confidential information

5. Permitted Use: Specified purposes for which confidential information may be used

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

7. Return of Information: Obligations regarding return or destruction of confidential information

8. Governing Law: Specification of Singapore law as governing law

Optional Sections

1. Non-Solicitation: Restrictions on soliciting employees or clients, used when parties have direct business relationships

2. Non-Circumvention: Prevents parties from circumventing the broker and protects broker's commission rights

3. International Provisions: Cross-border considerations and compliance requirements for international parties

Suggested Schedules

1. Description of Confidential Information: Detailed list of types of confidential information covered

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

3. Security Protocols: Specific procedures for handling confidential information

4. Fee Schedule: Broker's fee structure and payment terms if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Industries

Contract Law: Includes Singapore Contract Law (Cap. 53), Common Law principles, and Electronic Transactions Act for electronic contracts

Confidentiality Laws: Common law principles of confidentiality and Evidence Act (Cap. 97) regarding confidential communications

Data Protection: Personal Data Protection Act 2012 (PDPA) and related data protection provisions for personal information handling

Business Brokerage Regulations: Business Registration Act, Companies Act (Cap. 50), and Securities and Futures Act for regulated activities

Competition Law: Competition Act (Cap. 50B) regarding anti-competitive practices and Fair Trading Act

Intellectual Property Laws: Copyright Act, Trade Marks Act, and Patents Act for protection of intellectual property

Industry-Specific Regulations: Specific regulatory requirements depending on the industry sector involved

Employment Law: Employment Act for employee-related matters and prevention of corruption provisions

Limitation Act: Governs enforcement timeframes and duration of confidentiality obligations

International Regulations: Cross-border regulations and international trade agreements if applicable to the business relationship

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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