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Common use of Confidentiality Undertakings Clause in Contracts

Confidentiality Undertakings. 12.1. This Contract, the information relating to the Contract, the Parties and any other information, which has been received or discovered by one of the Parties to the Contract when entering into, performing the Contract or after its expiry, shall be considered confidential information and may not be communication or disclosed to any third persons without the prior written consent of the other Party, except where (a) such information is publicly available, (b) such disclosure is required by laws of the Republic of Lithuania, (c) in the cases referred to in Clause 12.3 of the General Terms and Conditions. 12.2. The Parties undertake to use confidential information only as much as necessary in Contract performance. Failure to comply or improper compliance with the confidentiality undertaking shall be considered a material breach of the Contract. 12.3. The Seller shall have the right to disclose confidential information to its bodies, to any subsidiary or holding company of the Seller, or to any other associated entity in Lithuania and / or abroad, which controls the Seller either directly or through one or more intermediaries, or is controlled or jointly controlled by the Seller, to the employees of the above-referred entities and its own employees who need such confidential information in order to perform the Contract (including but not limited to carriers, customs agents, industry and craft chambers, banks, institutions carrying out phytosanitary checks of the Goods), or to whom any claim arising out of or relating to the Contract has been transferred, as well as to its legal advisers, financial consultants, audit companies, companies providing credit, civil liability and other insurance services, persons providing credit rating, solvency assessment services, debt management, administration and recovery services who administer the information system of debtors (e.g. Creditinfo, etc.).

Appears in 3 contracts

Samples: Purchase and Sale Contract, Purchase and Sale Contract, Purchase and Sale Contract

Confidentiality Undertakings. 12.1. This Contract, the information relating to the Contract, the Parties and any other information, which has been received or discovered by one of the Parties to the Contract when entering into, performing the Contract or after its expiry, shall be considered confidential information and may not be communication or disclosed to any third persons without the prior written consent of the other Party, except where (a) such information is publicly available, (b) such disclosure is required by laws of the Republic of Lithuania, (c) in the cases referred to in Clause 12.3 of the General Terms and Conditions. 12.2. The Parties undertake to use confidential information only as much as necessary in Contract performance. Failure to comply or improper compliance with the confidentiality undertaking shall be considered a material breach of the Contract. 12.3. The Seller shall have the right to disclose confidential information to its bodies, to any subsidiary or holding company of the Seller, or to any other associated entity in Lithuania and / or abroad, which controls the Seller either directly or through one or more intermediaries, or is controlled or jointly controlled by the Seller, to the employees of the above-referred entities and its own employees who need such confidential information in order to perform the Contract (including but not limited to carriers, customs agents, industry and craft chambers, banks, institutions carrying out phytosanitary checks of the Goods), or to whom any claim arising out of or relating to the Contract has been transferred, as well as to its legal advisers, financial consultants, audit companies, companies providing credit, civil liability and other insurance services, persons providing credit rating, solvency assessment services, debt management, administration and recovery services who administer the information system of debtors (e.g. Creditinfo, etc.).

Appears in 2 contracts

Samples: Purchase and Sale Contract, Purchase and Sale Contract

Confidentiality Undertakings. 12.1. This Contract, the information relating to the Contract, the Parties and any other information, which has been received or discovered by one of the Parties to the Contract when entering into, performing the Contract Con- tract or after its expiry, shall be considered confidential information and may not be communication or disclosed dis- closed to any third persons without the prior written consent of the other Party, except where (a) such information inform- ation is publicly available, (b) such disclosure is required by laws of the Republic of Lithuania, (c) in the cases referred to in Clause 12.3 of the General Terms and Conditions. 12.2. The Parties undertake to use confidential information only as much as necessary in Contract performanceperform- ance. Failure to comply or improper compliance with the confidentiality undertaking shall be considered a material breach of the Contract. 12.3. The Seller shall have the right to disclose confidential information to its bodies, to any subsidiary or holding company of the Seller, or to any other associated entity in Lithuania and / or abroad, which controls the Seller either directly or through one or more intermediaries, or is controlled or jointly controlled by the Seller, to the employees of the above-referred entities and its own employees who need such confidential information in- formation in order to perform the Contract (including but not limited to carriers, customs agents, industry and craft chambers, banks, institutions carrying out phytosanitary checks of the Goods), or to whom any claim arising out of or relating to the Contract has been transferred, as well as to its legal advisers, financial consultantscon- sultants, audit companies, companies providing credit, civil liability and other insurance services, persons providing credit rating, solvency assessment services, debt management, administration and recovery services ser- vices who administer the information system of debtors (e.g. Creditinfo, etc.).

Appears in 1 contract

Samples: Purchase and Sale Contract

Confidentiality Undertakings. 12.1. This Contract, the information relating to the Contract, the Parties and any other information, which has been received or discovered by one of the Parties to the Contract when entering into, performing the Contract or after its expiry, shall be considered confidential information and may not be communication or disclosed to any third persons without the prior written consent of the other Party, except where (a) such information is publicly available, (b) such disclosure is required by laws of the Republic of Lithuania, (c) in the cases referred to in Clause 12.3 of the General Terms and Conditions. 12.2. The Parties undertake to use confidential information only as much as necessary in Contract performance. Failure to comply or improper compliance with the confidentiality undertaking shall be considered a material breach of the Contract. 12.3. The Seller shall have the right to disclose confidential information to its bodies, to any subsidiary or holding company of the Seller, or to any other associated entity in Lithuania and / or and/or abroad, which controls the Seller either directly or through one or more intermediaries, or is controlled or jointly controlled by the Seller, to the employees of the above-referred entities and its own employees who need such confidential information in order to perform the Contract (including but not limited to carriers, customs agents, industry and craft chambers, banks, institutions carrying out phytosanitary checks of the Goods), or to whom any claim arising out of or relating to the Contract has been transferred, as well as to its legal advisers, financial consultants, audit companies, companies providing credit, civil liability and other insurance services, persons providing credit rating, solvency assessment services, debt management, administration and recovery services who administer the information system of debtors (e.g. e.g., Creditinfo, etc.).

Appears in 1 contract

Samples: Purchase and Sale Contract