4.3 The recipient undertakes not to use the confidential information disclosed by the other party for specific purposes without first obtaining written consent from the other party. By signing the agreement, the contractor undertakes to fully comply with and comply with all the conditions and conditions set out in the agreement. If, at any time, the holder violates or does not fully comply with any of the conditions, provisions or conditions of this confidentiality agreement, Southeastern is entitled to exempt the holder by sub-mandate from an appropriate exemption in order to abstain from such violation or violation or to fully compel compliance with the terms of the confidentiality agreement. Southeastern`s rights and remedies under this confidentiality agreement are, in addition to, all of the rights and remedies to which Southeastern is or is otherwise entitled. I represent the fact that I am an officer or someone with comparable authority over the contractor. In signing this agreement, I urge the contractor, his staff and his representatives to sign this confidentiality agreement. ___________________________________________________ Contractor Company Name ___________________________________________________ Address ___________________________________________________ State/Zip ___________________________________________________ Contractor`s Representative (Printed) ___________________________________________________ Contractor`s Representative (Signature) Director, Information Technology, VP Workforce and Community Development BOT: March 16, 2010, July 20, 2010 If the scope of the NDA is broad enough, then you can sue for damages or to stop the recipients if they breach either their confidentiality obligations or their non-use agreement. Since these agreements play such an important role in protecting a company`s future, it is important that you take the development of clauses in an NDA seriously. Preferably, always consult a lawyer to help you achieve your goals.
The use of confidentiality agreements increased in India and was subject to the Indian Contract Act 1872. In many cases, the use of an NOA is essential, for example. B to hire employees who develop patentable technologies when the employer intends to apply for a patent. Confidentiality agreements have become very important due to the growth of the Indian outsourcing industry.