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Confidentiality And Restrictive Covenant Agreement Template for Singapore

A comprehensive legal agreement under Singapore law that combines confidentiality obligations with restrictive covenants. It protects sensitive business information while preventing specific competitive activities by the bound party. The agreement encompasses both the duty to maintain confidentiality of proprietary information and restrictions on future activities such as competition, solicitation of employees or customers, and dealing with restricted parties. It is drafted in accordance with Singapore's legal framework, including the Contract Act, Employment Act, and relevant common law principles.

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What is a Confidentiality And Restrictive Covenant Agreement?

The Confidentiality and Restrictive Covenant Agreement is essential for businesses operating in Singapore seeking to protect their confidential information and maintain competitive advantage. This document is typically used when engaging employees, contractors, or business partners who will have access to sensitive information or could pose competitive risks. It combines robust confidentiality provisions with carefully crafted restrictive covenants that comply with Singapore's legal requirements for reasonableness and enforceability. The agreement is particularly relevant in today's knowledge-based economy where intellectual property and confidential information are critical business assets.

What sections should be included in a Confidentiality And Restrictive Covenant Agreement?

1. Parties: Identification and details of the contracting parties

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Confidential Information: Definition and scope of confidential information

5. Obligations of Confidentiality: Core confidentiality duties and restrictions

6. Restrictive Covenants: Non-compete and non-solicitation provisions

7. Duration: Time period for confidentiality and restrictions

8. Return of Confidential Information: Procedures for returning/destroying confidential materials

What sections are optional to include in a Confidentiality And Restrictive Covenant Agreement?

1. Permitted Disclosures: Exceptions to confidentiality obligations, used when specific exceptions need to be carved out

2. Data Protection: PDPA compliance provisions, used when personal data is involved

3. Intellectual Property: IP rights provisions, used when confidential information includes IP

4. Audit Rights: Right to audit compliance, used for high-value or high-risk relationships

What schedules should be included in a Confidentiality And Restrictive Covenant Agreement?

1. Schedule of Confidential Information: Detailed list of confidential information covered

2. Schedule of Restricted Activities: Detailed description of prohibited activities

3. Schedule of Restricted Territories: Geographic scope of restrictions

4. Schedule of Authorized Recipients: List of persons authorized to receive confidential information

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Singapore

Cost

Free to use

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