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The Information Sharing Agreement serves as a crucial legal instrument for organizations operating in the Philippines that need to share data while maintaining compliance with local data protection laws. This document becomes necessary when two or more parties need to establish a formal arrangement for sharing personal or sensitive information, whether for business operations, research, or regulatory compliance. The agreement must align with the Data Privacy Act of 2012, its Implementing Rules and Regulations, and various circulars issued by the National Privacy Commission. It's particularly relevant in today's digital economy where data sharing is increasingly common but must be conducted within a strict legal framework to protect individual privacy rights and organizational interests.

1. Parties: Identification and details of the organizations or entities entering into the information sharing agreement

2. Background: Context of the agreement and the purpose for sharing information between the parties

3. Definitions: Clear definitions of key terms used throughout the agreement, including technical terms and data-related concepts

4. Purpose and Scope: Detailed description of the purpose of information sharing and the scope of data to be shared

5. Data Protection Principles: Statement of compliance with Data Privacy Act principles and commitment to data protection

6. Roles and Responsibilities: Specific duties and obligations of each party in relation to data sharing and protection

7. Security Measures: Required technical and organizational measures for protecting shared information

8. Data Transfer Procedures: Processes and protocols for sharing, transmitting, and receiving information

9. Confidentiality Obligations: Requirements for maintaining confidentiality of shared information

10. Data Breach Procedures: Protocol for handling and reporting data breaches or security incidents

11. Term and Termination: Duration of the agreement and conditions for termination

12. Return or Destruction of Data: Procedures for handling shared data upon termination of the agreement

13. Governing Law and Jurisdiction: Specification of Philippine law as governing law and jurisdiction for disputes

14. General Provisions: Standard contractual clauses including amendments, notices, and entire agreement provisions