An Information Sharing Agreement is essential when organizations need to share sensitive or confidential information while maintaining legal compliance and protecting their interests. This agreement, governed by Singapore law, establishes clear protocols for information exchange, incorporating requirements from the Personal Data Protection Act (PDPA), Cybersecurity Act, and other relevant Singapore legislation. It is particularly important in situations involving regular data exchange, collaborative projects, or regulatory reporting requirements, providing a framework for secure and compliant information sharing while managing associated risks.
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1. Parties: Identification and details of all parties to the agreement
2. Background: Context and purpose of the information sharing arrangement
3. Definitions: Key terms used throughout the agreement
4. Scope of Information Sharing: Details of what information will be shared and for what purposes
5. Data Protection Obligations: PDPA compliance requirements and data protection measures
6. Confidentiality: Confidentiality obligations and restrictions
7. Security Standards: Required security measures for handling shared information
8. Term and Termination: Duration of agreement and termination provisions
1. Cross-border Transfers: Provisions for international data transfers when information will be transferred outside Singapore
2. Breach Notification: Procedures for handling and reporting data breaches when handling sensitive or regulated data
3. Audit Rights: Rights to audit compliance with the agreement for high-risk or regulated information sharing
4. Insurance Requirements: Required insurance coverage when sharing highly sensitive or valuable information
1. Schedule 1 - Types of Information: Detailed list of information types to be shared
2. Schedule 2 - Security Standards: Technical and organizational security requirements
3. Schedule 3 - Authorized Personnel: List of authorized personnel who may access shared information
4. Schedule 4 - Data Processing Requirements: Specific requirements for processing shared information
5. Schedule 5 - Contact Points: Key contacts for operational and emergency matters
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