Confidentiality Undertaking - With Penalty

Quebec English Civil law Unannotated

Confidentiality Undertaking - With Penalty

The negotiations that take place prior to entering a commercial agreement often involve the exchange of confidential information. It is, therefore, important to protect the confidentiality of the information that has been disclosed, regardless of the success of the negotiations. A confidentiality undertaking is very useful for this purpose.

In the field of technology transfer, the disclosure of confidential information is inevitable. Trade secrets are often the main asset of tech businesses, and as such disclosing key information concerning their technologies might put their survival in danger if they do not ensure the confidentiality of this information.

This confidentiality undertaking template sets out the obligations to ensure that the disclosed information will be limited to the proposed transaction. It should be noted that if the undertaking is not complied with, this template includes penalty clauses, whereas our confidentiality undertaking template H01205 has no penalty clauses, meaning the matter would be determined by the courts.

Confidentiality Undertaking - With Penalty

Confidentiality Undertaking - With Penalty

1.00 NEGOTIATIONS
2.00 DISCLOSURE OF CONFIDENTIAL INFORMATION
3.00 UNDERTAKING
3.01 Disclosure
3.02 Use
3.03 Reproduction
4.00 RESTRICTIONS REGARDING DISCLOSURE
4.01 Disclosure to Employees and Representatives of CLIENT
4.02 Controlling Access
4.03 Return of Confidential Information
5.00 EXCLUSIONS
5.01 General Exclusions
5.02 Judicial or Governmental Requests
6.00 BREACH OF UNDERTAKING
6.01 Penalty
6.02 Protective Measures
7.00 APPLICABLE LAW
8.00 ARBITRATION
9.00 LANGUAGE

Confidentiality Undertaking - With Penalty

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  3. Confidentiality Undertaking - With... Confidentiality Undertaking - With Penalty

    H01200a -
    Quebec English Civil law Unannotated

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