The Termination Confidentiality Agreement is essential when ending any business relationship where sensitive information has been shared. Under Singapore law, this document ensures continued protection of confidential information after the formal relationship ends. It typically includes specific provisions for data protection compliance under PDPA, defines the scope of confidential information, outlines return/destruction procedures, and sets duration for ongoing obligations. This agreement is particularly crucial in Singapore's knowledge-based economy where intellectual property and trade secrets require robust protection even after business relationships conclude.
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1. Parties: Identification of the parties entering into the agreement, including full legal names and addresses
2. Background: Context of the termination and the original relationship between the parties
3. Definitions: Key terms used tHRoughout the agreement, particularly defining 'Confidential Information'
4. Acknowledgment of Termination: Formal acknowledgment of the termination of the original relationship
5. Continuing Confidentiality Obligations: Core confidentiality provisions that survive termination
6. Return of Confidential Information: Requirements for returning or destroying confidential materials
7. Duration of Obligations: Time period for which confidentiality obligations remain in force
1. Non-Compete Provisions: Optional section containing restrictions on competitive activities, used when protecting business interests beyond confidentiality is required
2. Data Protection Provisions: Optional section containing specific PDPA compliance requirements, used when personal data is involved in the confidential information
3. Cross-Border Provisions: Optional section containing requirements for international data transfers, used when parties operate across multiple jurisdictions
4. Intellectual Property Rights: Optional section covering provisions regarding IP ownership and usage, used when IP rights are involved in the confidential information
1. Schedule of Confidential Information: Detailed list of materials considered confidential
2. Schedule of Return/Destruction Requirements: Specific procedures for handling confidential materials
3. Schedule of Authorized Personnel: List of individuals authorized to handle confidential information
4. Data Processing Schedule: Details of data handling procedures under PDPA
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