NDA - Non Disclosure Agreement
The agreement is between Hydrosight GmbH, Emmerich, Germany, and its affiliates, in short HYDROSIGHT and the UNDERSIGNED (details at the end of the document).
The UNDERSIGNED recognizes the strong interest of HYDROSIGHT in maintaining the confidentiality of its technology and its business operations. As a condition to HYDROSIGHT furnishing information to the UNDERSIGNED, he/she/it agrees to treat confidential such information.
Information of the following topics are confidential:
- technology, e.g. production and installation processes
- customer names and locations
- price information of any kind
- suppliers, including brand names and type of supply
- trade secrets, markets, methods of trade
- internal structure of the company and its associates
Confidential Material does not include information which is generally available to the public, other than as a result of a disclosure by the UNDERSIGNED.
To Whom is it confidential
Confidential information will not be disclosed to any person other than Hydrosight members of staff on a strictly need-to-know basis. It will not be disclosed to any other person in my organisation/company/agency etc. It will not be disclosed to any third parties.
All Information, which is furnished before or after the date of this agreement is confidential. It stays confidential for as long as HYDROSIGHT deems necessary.
This agreement is not limited to places of production, sale or execution of services to Germany or the European Union. This agreement shall be governed by and construed in accordance with the laws of Emmerich, Germany.
The failure of the UNDERSIGNED to satisfy the agreement will be regarded as a breach of contract. In case of a breach of contract the UNDERSIGNED agrees to pay a contractual penalty of 75.000EUR. This penalty will not make up for the loss of business, which will be agreed upon in a settlement.
Severability (Salv. Klausel)
If a provision of this Agreement is or becomes illegal, invalid or unenforceable in any jurisdiction, that shall not affect: The validity or enforceability in that jurisdiction of any other provision of this Agreement.
Name, Surname: _____________________________________ Passport Number: _____________________________________ Street, Number: _____________________________________ City, Country: _____________________________________ DATE, PLACE SIGNATURE ____________________ _________________________________