Confidentiality Agreement Between Buyer And Seller Template for Singapore

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Key Requirements PROMPT example:

Confidentiality Agreement Between Buyer And Seller

"I need a Confidentiality Agreement Between Buyer And Seller for a potential acquisition of my manufacturing business, with extra protection for trade secrets and customer lists, to be effective from March 2025."

Document background

A Confidentiality Agreement Between Buyer And Seller is essential when parties are considering a business transaction and need to share sensitive information. Under Singapore law, this agreement provides legal protection for confidential business information, trade secrets, customer data, and other proprietary information exchanged during due diligence or negotiation phases. It establishes clear obligations for handling sensitive information, penalties for unauthorized disclosure, and complies with Singapore's robust data protection framework, including the PDPA and Trade Secrets Act.

Suggested Sections

1. Parties: Identification of the buyer and seller, including full legal names and addresses

2. Background: Context of the potential transaction and reason for confidentiality

3. Definitions: Key terms including 'Confidential Information', 'Permitted Purpose', 'Representatives'

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

5. Term and Survival: Duration of agreement and surviving obligations

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

Optional Sections

1. Security Measures: Specific security protocols required when dealing with highly sensitive information or regulated industries

2. Permitted Disclosures: Circumstances where disclosure is allowed, used when specific exceptions need to be documented

3. Non-Solicitation: Restrictions on hiring or soliciting employees, included when employee poaching is a concern

Suggested Schedules

1. Schedule 1 - Description of Confidential Information: Detailed list of information covered by the agreement

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

3. Schedule 3 - Security Protocols: Specific security measures required for handling information

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Manufacturing
Technology
Real Estate
Professional Services
Healthcare

Relevant Teams

Legal
Finance
Corporate Development
Information Security
Compliance

Relevant Roles

Chief Executive Officer
Chief Financial Officer
General Counsel
Business Development Director
Mergers & Acquisitions Manager

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Let's create your Confidentiality Agreement Between Buyer And Seller

Authors

Alex Denne

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