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Confidentiality Agreement Statement

Confidentiality Agreement Statement Template for Philippines

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Key Requirements PROMPT example:

Confidentiality Agreement Statement

"I need a Confidentiality Agreement Statement under Philippine law for a technology startup sharing sensitive software development information with potential investors, with special emphasis on protecting our AI algorithms and source code."

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Document background
The Confidentiality Agreement Statement is essential for businesses and individuals operating under Philippine jurisdiction who need to protect sensitive information during business dealings, negotiations, or employment relationships. This document becomes necessary when parties need to share confidential information such as trade secrets, proprietary technology, business strategies, or customer data. It ensures compliance with Philippine legislation, including the Data Privacy Act of 2012 and the Intellectual Property Code, while providing clear remedies for breach of confidentiality. The agreement is particularly crucial in today's digital business environment where information security is paramount and cross-border transactions are common.
Suggested Sections

1. Parties: Identifies and defines all parties to the agreement, including their legal names, addresses, and company details

2. Background: Explains the context and purpose of the agreement, including the relationship between the parties

3. Definitions: Defines key terms used in the agreement, particularly 'Confidential Information', 'Permitted Purpose', and other relevant terms

4. Scope of Confidential Information: Clearly defines what information is considered confidential under the agreement

5. Obligations of Confidentiality: Details the core confidentiality obligations, including how confidential information must be protected

6. Permitted Disclosures: Specifies circumstances under which confidential information may be disclosed and to whom

7. Term and Survival: Specifies the duration of the agreement and which obligations survive termination

8. Return or Destruction of Confidential Information: Requirements for handling confidential information upon termination or request

9. Remedies: Outlines the consequences of breach and available remedies

10. Governing Law and Jurisdiction: Specifies Philippine law as governing law and defines jurisdiction for disputes

Optional Sections

1. Data Privacy Compliance: Additional section when personal data is involved, ensuring compliance with the Data Privacy Act of 2012

2. Intellectual Property Rights: When confidential information includes IP rights or when IP might be created during the relationship

3. Security Measures: Detailed security requirements when handling particularly sensitive information

4. Non-Competition: When the relationship requires additional protection beyond confidentiality

5. Representatives and Warranties: When specific assurances about the confidential information or its handling are required

6. Insurance Requirements: When handling of confidential information requires specific insurance coverage

7. Force Majeure: When needed to address potential disruptions to confidentiality obligations due to extraordinary circumstances

Suggested Schedules

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

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

3. Schedule C - Security Protocols: Specific security measures and protocols for handling confidential information

4. Appendix 1 - Form of Acknowledgment: Template for acknowledgment by employees or third parties who will have access to confidential information

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 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 and Software

Financial Services

Healthcare and Medical

Manufacturing

Professional Services

Research and Development

Retail and Consumer Goods

Education

Telecommunications

Energy and Utilities

Real Estate

Entertainment and Media

Pharmaceutical

Biotechnology

Construction

Relevant Teams

Legal

Human Resources

Executive Leadership

Information Technology

Research and Development

Business Development

Operations

Finance

Procurement

Compliance

Investment

Corporate Communications

Project Management

Information Security

Partnership Management

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Legal Counsel

Human Resources Director

Business Development Manager

Project Manager

Research Director

Information Security Officer

Chief Technology Officer

Operations Manager

Procurement Manager

Investment Manager

Chief Financial Officer

Partnership Manager

Compliance Officer

Industries






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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