(1) Definition of confidential information: if the parties intend to take a long-term stake in various commercial transactions, they may opt for a general NOA if the definition of “confidential information” is broad enough to cover all possible scenarios. However, with the intention of ceding a particular transaction only if the nature of the confidential information to be shared is known, the receiving party may be advised to limit the scope of the definition of “confidential information.” In such cases, it may also be important to indicate the exact agreement/transaction for which the NDA is executed. 4. Law and jurisdiction in force: depending on the nature of the commercial transaction and the jurisdiction in which the parties are located/ if the services or acts are provided under the contract, the NDA may determine the jurisdictions to which the confidentiality obligations apply. It is extremely common for confidentiality obligations not to be restricted by the territory and for it to be expressly appropriate to extend to all jurisdictions around the world. Over the next few months, GameChanger Law Advisors will run the GLA Agreement Overview Series. The purpose of this series is to give entrepreneurs an overview and understanding of certain trade agreements that you can enter into as part of your day-to-day business. To stimulate this series, we begin with an overview of one of the most important agreements that companies make both internally, with consultants, suppliers, investors, contractors, etc. – the “non-disclosure agreement,” also known as the “confidentiality agreement.” An NDA may be signed before the parties have entered into a formal commitment or agreement for commercial transactions. It is perfectly normal to take NDAs before having commercial and technical discussions with business partners, suppliers, service providers, etc., as sensitive information such as confidential information about the business model of the company, pricing strategies or information relating to competitive advantages may need to be disclosed. It is therefore important to protect confidential information, even at this stage of a commercial transaction. (8) keep a list of the recipients of confidential information with a statement of the date, manner and person to whom it is disclosed; and (6) to keep a record of the data or periods during which the information was produced and how confidential information was produced; A Mercedes-Benz is more than just a car.
It can be a travel companion, an office, a place to live. Authentic accessories offer a perfect complement. Make your vehicle even more luxurious. Opt for visual-style elements or opt for practical accessories that will add extra functionality to your Mercedes. All products are perfectly suited to your vehicle and are characterized by the highest quality and the highest safety. (i) unilaterally, i.e. a single party that discloses confidential information and the other party that receives such confidential information; (7) keep records of the costs and expenses associated with the production and maintenance of information, as well as the time spent on that production, in order to provide, if necessary, an indication of the value, loss or damage; (2) Confidentiality period: some NOAs provide for unlimited confidentiality obligations. This means that the receiving party`s obligation to protect the confidentiality of the information does not end at the end of the business relationship.