Unilateral Confidentiality Undertaking - No Penalty

Quebec English Civil law Unannotated

Unilateral Confidentiality Undertaking - No Penalty

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Unilateral Confidentiality Undertaking - No Penalty

When commencing negotiations to conclude a transaction, certain preliminary measures must be taken to protect the confidentiality of the information to be exchanged. The trade secrets of a business often constitute its most important asset, so it is best to limit the diffusion of information to ensure the survival of the business.

In the context of increasing competition, you can protect your confidential information by imposing restrictions on the party receiving your information so that they only use it for the purposes of the contemplated transaction, thereby preventing any harmful disclosure.

Unilateral Confidentiality Undertaking - No Penalty

Unilateral Confidentiality Undertaking - No Penalty

0.00 INTERPRETATION
0.01 Definitions
0.01.01 Confidential Information
0.01.02 Intellectual Property
0.01.03 Representatives
0.01.04 Undertaking
0.02 Entire Agreement
0.03 Applicable Law
0.04 Non-Compliance
0.04.01 Severability
0.04.02 Substitute Provision
0.05 Miscellaneous
0.05.01 Cumulative Rights
0.05.02 Gender and Number
0.05.03 Headings
1.00 PURPOSE
2.00 MUTUAL REPRESENTATIONS AND WARRANTIES
3.00 REPRESENTATIONS AND WARRANTIES OF RECEIVING PARTY
4.00 REPRESENTATIONS AND WARRANTIES OF DISCLOSING PARTY
5.00 MUTUAL DUTIES AND OBLIGATIONS
5.01 Previous Exchanges
5.02 Disclosure of Information
5.03 Disclosure of Existence of Project
5.03.01 Undertaking
5.03.02 Default
6.00 DUTIES AND OBLIGATIONS OF RECEIVING PARTY
6.01 Confidential Information
6.01.01 Ownership
6.01.02 Undertaking
6.01.03 Duration of Undertaking
6.01.04 End of Undertaking
a) Request for Return
b) Destruction
6.02 Partial Disclosure
6.03 Obligation of Disclosure
7.00 BREACH OF UNDERTAKING
7.01 Indemnification
7.02 Protective Measures
8.00 OTHER PROVISIONS
8.01 Assignment
8.02 Notice
8.03 Dispute Resolution
8.04 Amendment of Undertaking
8.05 No Waiver of Rights
8.06 Language
9.00 EFFECTIVE DATE
10.00 DURATION
10.01 Indefinite Duration
10.02 Specific Term
10.03 Survival

Unilateral Confidentiality Undertaking - No Penalty

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