Welcome to TechStation. This agreement aims to protect confidential information between the contracting parties. By agreeing to this agreement, you consent to not disclose or use the information shared during our dealings. All data related to business, technology, clients, and marketing is considered confidential and protected under this agreement.
1. Definition of Confidential Information
"Confidential Information" means all data and information that represents intellectual property, and includes but is not limited to:
- Financial information, reports, analytics, and forecasts.
- Computer programs, source codes, databases.
- Information shared during projects or collaboration between the parties.
- Any other information deemed confidential according to the agreement between the parties.
2. Obligation to Maintain Confidentiality
The recipient party of the confidential information agrees to:
- Not disclose the information to third parties without written consent from the other party.
- Use the information only for the purposes agreed upon between the parties.
- Take all necessary measures to ensure the protection of the confidential information from leakage.
3. Exceptions
- Information that becomes public knowledge without the fault of the recipient party.
- Information disclosed under legal compulsion or court order.
- Information obtained from a third party legally and without breaching this agreement.
4. Duration of Agreement
This agreement remains in effect for five (5) years from the date of signing, or until the confidential information is disclosed by the owning party.
5. Consequences of Breach
In the event of any breach of the terms of this agreement, the affected party has the right to take legal action, including but not limited to financial compensation and legal remedies.
6. Acceptance of Agreement
By signing this agreement, both parties acknowledge and accept all the terms mentioned herein and commit to abiding by them fully.