PROVISIONS REGARDING THE CONFIDENTIAL CHARACTER
There is a practice to ask your partner some information concerning the business you want to have together. This information should have a strict confidential character. This fact imposes the partner to behave accordingly so the two partners are obliged to keep secret the information under discussion.
- GENERAL STATEMENT
This agreement is made on (date) between (A) located at (address) and
_ _ (B), located at _____ (address).
- Object of agreement
(A) wants a conclusion (or settlement) with (B) and (A) wants certain information about (B) which the latter has (or possesses).
(B)wants (A) to keep all the information secret. Having in view this, (A) signs the present agreement in order to keep confidential the received information.
- Confidential information
The information regarding (B), (A) binds itself to keep secret. It contains the financial situation of (B), its aims of doing business, data concerning; its products, means of manufacturing, patents any other information concerning (B) and has importance for its position on the market. The information contains the following documents (B) will offer to (A).
- Interdiction of discussing the information
(B) will present confidential information only to the persons that are involved in the negotiation and/or presentation of its commercial reports with (A).
(A), managers, administrators, representatives, lawyer, solicitors, accountants won't reveal the confidential information to any other partner but in the case (B) approves it in a written form.
- Interdiction of using the information
(A), its managers, administrators, representatives, lawyer, solicitors, accountants, employees will use the information got from (B) only for deciding the conclusion of a commercial report with (B) and will not even use either of the information in any occasion.
The present agreement comes into force till…exception is the case when any of the two parts informs the other, in a written form, the canceling in advance, of the agreement.
Penalties for the case of the non corresponding use of the information or of its revealing
If (A) infringes any obligations foreseen in Articles 4 & 5, it ix obliged to pay (B) a damage in value of
- Exoneration of responsibilities
(A) will be exonerated of the responsibilities for revealing information about (B) if:
- the information was already known by (A) before being got by (B) or
(A) has got the information from a non confidential source from (B) or
the information was revealed after (B) has got the written approval for receiving it or
information was already known by everybody before or
(A) was legally obliged to reveal the information
- Restoring the information
At the date when the present agreement has ceased to exist, at the request of (B), (A) will return all the confidential information (B) has given to (A) together with all the copies. As evidenced by signatures below, this agreement has been signed today
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