Document background
The Confidentiality Waiver is a crucial legal instrument used in Philippine business and legal practice when parties need to authorize the disclosure of confidential information that was previously protected under confidentiality agreements or legal obligations. This document becomes necessary in various scenarios, such as due diligence processes, regulatory compliance, legal proceedings, or business transactions where protected information needs to be shared with specific parties. The waiver must comply with Philippine legislation, particularly the Data Privacy Act of 2012 and relevant provisions of the Civil Code of the Philippines. It serves to protect both the disclosing and receiving parties by clearly defining the scope of permitted disclosure, ensuring that any disclosure is properly authorized and documented, and maintaining control over how the information may be used. The document is particularly important in highly regulated industries where information sharing must be carefully managed and documented.
