Common use of Penalty Clause Clause in Contracts

Penalty Clause. The Channel Partner understands and acknowledges that any disclosure and / or appropriation of any Confidential Information, including by its managers, employees, consultants and / or collaborators, as well as the violation of the legal requirements regarding the protection of the processing of personal data, are of a nature to the cause of serious and irreparable damage to the FUDX, the amount of these damages being difficult to estimate and prove, which is why the Channel Partner accepts by signing this Agreement that in case of breach of the obligation to keep the confidentiality of the information as regulated in the present Contract and of the legal regulations in the matter of protection of the processing of personal data, to pay to the FUDX damages in the amount of INR 2500000/-.