Common use of CONFIDENTIALITY Clause in Contracts

CONFIDENTIALITY. The Merchant accepts and undertakes that it has to retain any information that it will acquire directly or indirectly about Card Holders during the implementation of the Agreement and not to disclose them to 3rd parties other than the authorities authorized by law and that otherwise it will be liable to compensate the losses of the Bank. In case the Merchant employs employees, it accepts, declares and undertakes in advance that it will be jointly and severally responsible for the consequences/losses that will result from the employees not exercising due care in this regard.

CONFIDENTIALITY. The Merchant accepts and undertakes that it has to retain any information that it will acquire directly or indirectly about Card Holders during the implementation of the Agreement and not to disclose them to 3rd parties other than the authorities authorized by law and that otherwise it will be liable to compensate the losses of the Bank. In case the Merchant employs employees, it accepts, declares and undertakes in advance that it will be jointly and severally responsible for the consequences/losses that will result from the employees not exercising due care in this regard.severally