Technology Sharing Agreement Template for Singapore

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Key Requirements PROMPT example:

Technology Sharing Agreement

"Need a Technology Sharing Agreement for sharing our proprietary AI algorithms with a Singapore-based manufacturing partner, including strict confidentiality provisions and clear guidelines for technology implementation by March 2025."

Document background
The Technology Sharing Agreement is essential when organizations wish to share proprietary technology while maintaining legal protection and control. This document, governed by Singapore law, establishes the framework for technology transfer, defining ownership rights, usage limitations, and confidentiality obligations. It's particularly relevant in Singapore's technology-focused economy and must comply with local intellectual property laws, data protection regulations, and industry-specific requirements. The agreement typically includes technical specifications, implementation guidelines, and protection mechanisms for intellectual property rights.
Suggested Sections

1. Parties: Identification and details of contracting parties

2. Background: Context and purpose of the technology sharing arrangement

3. Definitions: Key terms used throughout the agreement

4. Scope of Technology Sharing: Detailed description of technology being shared and permitted uses

5. Intellectual Property Rights: Ownership, licensing terms, and IP protection measures

6. Confidentiality: Protection of confidential information and trade secrets

7. Term and Termination: Duration and conditions for ending the agreement

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

Optional Sections

1. Technical Support: Terms for technical assistance and support to be provided as part of the technology sharing arrangement

2. Training: Provisions for training staff on shared technology and knowledge transfer requirements

3. Improvements: Rights and obligations regarding technological improvements and modifications

4. Export Controls: Compliance requirements with export control regulations and restrictions

Suggested Schedules

1. Technical Specifications: Detailed technical description of shared technology including specifications and requirements

2. License Terms: Specific terms and conditions of technology licensing including usage rights

3. Service Level Agreement: Performance metrics and support standards for ongoing technology sharing

4. Security Requirements: Technical and organizational security measures required for technology protection

5. Fee Schedule: Payment terms and fee structure for technology sharing and related services

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

Clauses
Industries

Patents Act (Cap. 221): Primary legislation governing patent protection and technology innovations in Singapore, crucial for defining patent rights and licensing in technology sharing

Copyright Act (Cap. 63): Protects original works including software, technical documentation, and other copyrightable elements of technology

Trade Marks Act (Cap. 332): Relevant for any branded technology or technical solutions that involve trademark usage or licensing

Trade Secrets Protection: Common law protection for confidential information and trade secrets, essential for technology sharing agreements

Personal Data Protection Act 2012: Regulates the collection, use, and disclosure of personal data, particularly relevant if the technology involves data processing

Competition Act (Cap. 50B): Ensures technology sharing agreement doesn't contain anti-competitive provisions or create market monopolies

Computer Misuse Act: Relevant for cybersecurity obligations and unauthorized access prevention in technology systems

Electronic Transactions Act: Governs electronic contracts and digital signatures, important for technology-related agreements

Cybersecurity Act 2018: Establishes cybersecurity requirements and obligations, particularly for critical information infrastructure

TRIPS Agreement: International treaty setting minimum standards for IP protection, relevant for cross-border technology sharing

Export Control Regulations: Governs the export of sensitive technologies and technical data across borders

IPOS Guidelines: Regulatory guidelines from Intellectual Property Office of Singapore for IP protection and management

IMDA Regulations: Guidelines from Info-communications Media Development Authority for technology and communications

Cross-border Data Transfer Regulations: Rules governing the international transfer of data and technology across jurisdictions

Contract Law Principles: Common law principles governing contract formation, execution, and enforcement in Singapore

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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