Trade Secret License Template for Singapore

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Key Requirements PROMPT example:

Trade Secret License

"I need a Trade Secret License agreement to license our proprietary manufacturing process to a Singapore-based manufacturer, with specific provisions for protecting our chemical formulation and limiting use to a single manufacturing facility for 3 years starting March 2025."

Document background

The Trade Secret License Agreement is essential when businesses need to share valuable confidential information while maintaining control over its use and dissemination. Under Singapore law, while there is no specific trade secrets statute, protection is afforded through common law principles and contractual obligations. This document is crucial for companies looking to monetize their trade secrets or establish strategic partnerships while ensuring their intellectual property remains protected. The agreement typically includes detailed provisions on permitted use, security protocols, confidentiality obligations, and enforcement mechanisms.

Suggested Sections

1. Parties: Identification and details of the licensor and licensee

2. Background: Context of the agreement and ownership of trade secrets

3. Definitions: Key terms including 'Trade Secrets', 'Confidential Information', 'Permitted Use'

4. Grant of License: Scope and nature of the license granted

5. Confidentiality Obligations: Specific duties to maintain secrecy and protect confidential information

6. Security Measures: Required protective measures for trade secrets

7. Term and Termination: Duration of the agreement and conditions for termination

8. Return of Materials: Obligations regarding return or destruction of confidential materials

9. Warranties and Representations: Statements of fact and promises by both parties

10. Governing Law and Jurisdiction: Specification of Singapore law and jurisdiction

Optional Sections

1. Sublicensing Rights: Terms for sublicensing, if permitted by the agreement

2. Improvements: Rights and obligations regarding improvements to trade secrets

3. Export Controls: Export restrictions and compliance requirements for international use

4. Data Protection: Compliance with Personal Data Protection Act if personal data is involved

5. Employee Obligations: Specific requirements for employee handling of trade secrets

Suggested Schedules

1. Schedule 1: Description of Trade Secrets: Detailed description of the licensed trade secrets and confidential information

2. Schedule 2: Permitted Use: Specific permitted uses and restrictions of the trade secrets

3. Schedule 3: Security Protocols: Detailed security measures and procedures to be followed

4. Schedule 4: Authorized Personnel: List of personnel authorized to access the trade secrets

5. Schedule 5: Fee Schedule: Details of any licensing fees, royalties, or other financial terms

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

Technology
Manufacturing
Pharmaceutical
Food & Beverage
Chemical

Relevant Teams

Legal
Research & Development
Intellectual Property
Business Development
Information Security

Relevant Roles

Chief Technology Officer
IP Counsel
Research Director
Business Development Manager
Chief Innovation Officer

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Let's create your Trade Secret License

Authors

Alex Denne

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