Common use of Confidentiality Commitment Clause in Contracts

Confidentiality Commitment. It is clarified that the provision of Services to the Company by the Officer is conditional upon a prior and explicit commitment to maintaining confidentiality, as detailed below: 18.1. If, for the purpose of providing the Services and/or in connection with them, the Officer receives or becomes aware of information relating to the business and/or other activities of the Company and/or its affiliated companies, including documents, drafts, processes, trade secrets, information regarding the Company’s customers and suppliers, pricing, as well as financial, business, and commercial information, financial statements and balance sheets, data, plans, innovations, improvements, research, any methods, and technical, economic, commercial, and/or other developments, whether written or oral, excluding inventions as defined below (hereinafter: the “Confidential Information”), the Officer undertakes to maintain complete and absolute confidentiality of the Confidential Information and/or anything related or derived from it and/or from the provision of the services. 18.2. The Officer undertakes not to disclose, in writing and/or orally and/or in any other form, to any person and/or entity, nor to remove from his possession, the Confidential Information and/or any other written material related to the Company and/or its employees and/or anything related to them, except as strictly necessary and required for the provision of the Services. 18.3. It is clarified that the obligations in the Agreement relating to the Confidential Information shall not apply to: (1) Information that was public knowledge prior to the signing of the Agreement and/or that became public knowledge after the signing of the Agreement, not as a result of any act or omission by the Officer and/or anyone acting on his behalf; (2) Information required to be disclosed by law.