Common use of Confidentiality Clause in Contracts

Confidentiality. 11.1 The Parties undertake keep secret any and all information obtained from the other Party in connection with economic cooperation and which is not publicly available (“Confidential Information”). 11.2 Confidential Information are, in particular, technical, technological, organizational and financial information, as well as other information constituting business secret and know-how of Amada sp. z o.o. 11.3 The obligation to keep Confidential Information secret shall apply to any and all information, whether or not the Party took knowledge of them directly from the other Party or indirectly from its employees, agents, co- operators and third parties. 11.4 The disclosure of any Confidential Information to the third party requires prior written consent of the other Party, subject to the exceptions referred to in section 5 of this paragraph of GSC. 11.5 Obligation to comply with the confidentiality clause does not apply to: a) Confidential Information known to the Parties at the date on which the parties entered into the sales agreement / delivery agreement or which become known to the Parties during the effective term of the agreement in any manner other than the breach of confidentiality clause, b) the obligation to disclose Confidential Information resulting from the application of law. 11.6 The Parties are obliged to exercise due care to ensure that the means of communication used by each of them to receive and transmit Confidential Information shall be such as to safeguard such information from disclosure to unauthorized persons. 11.7 The obligation of confidentiality shall be binding for the Parties both during the effective term of the sales agreement / delivery agreement and after the termination of the cooperation between the Parties.