Economically sensitive information varies from company to company, but the examples below are examples where a confidentiality agreement should be considered: provided that the confidentiality agreement has been established and properly executed by a competent commercial lawyer, a confidentiality agreement is legally binding. The main question for those who enter into a confidentiality agreement is whether the agreement is applicable. Mutual confidentiality agreements work by imposing confidentiality obligations on both parties to the agreement, a kind of confidentiality clause. Your recipient cannot disclose your confidential information and you cannot disclose it. Such agreements are common in M&A and investment scenarios in which both parties share confidential aspects of their respective businesses. Confidentiality agreements ensure that both parties to a potential transaction or project (e.g. B of a joint venture) include the confidentiality of the information disclosed and the consequences of a breach of confidentiality. Example: Objective: The NDA should contain an authorized purpose for disclosure. This essentially indicates precisely for what purposes the beneficiary party has the right to use that confidential information. Many NDAs also indicate that the receiving party will not use the confidential information for its own benefit. If you breach the terms of a confidentiality agreement, the following remedies may be brought against you: 1.1.2 “Processing”, any operation or series of operations carried out with personal data or sets of personal data, whether automated or not, such as.B.
Collection, recording, organization, structuring, storage, adaptation or modification, consultation, consultation, use, disclosure by transmission, dissemination or other making available, crossing or combination, restriction, erasure or destruction. However, using and trusting the 2018 rules can be difficult if you are not able to easily prove that this information was confidential. Therefore, it is recommended to use confidentiality agreements to ensure that all parties are aware that the information is confidential and what are the contractual consequences of a breach of the information confidentiality agreement. It is important that the content of the confidentiality agreement is negotiated in order to identify confidential information and ensure that the recipient of the information can comply with the terms of the agreement. A confidentiality or confidentiality agreement can be either as follows: if you want to prevent an employee or other third party from competing with your company during the term of the confidentiality agreement or for a specified period after your departure or the end of the agreement, it is possible to protect your interests by insecure a non-competition clause. These clauses may be invalid or unenforceable, unless they are: the right to protect confidential information stems from the common law principle of equity. The right doctrine of trust or confidentiality is used where confidential information cannot be protected by intellectual property rights, for example. B patents or copyrights.
However, it is advisable to use a confidentiality agreement instead of relying on common law principles. 1.1.5 `security incident` means any accidental, illegal or unauthorized loss, destruction, modification, access, use, disclosure, deterioration or deterioration of the personal data processed, or any incident that is reasonably likely to result in accidental, unlawful or unauthorized loss, destruction, modification, access, use, disclosure, deterioration or deterioration of the personal data processed. . . .