Channel Agreement And Termination
Given these situations, it is a good idea to have a closing section to cover the consecutive events that occur in the event of a breach of conditions. Before partnering with another company, you need to understand how this company can promote your products and services. And to make sure the partnership goes smoothly, we`ll give you everything you need to know about establishing a partnership agreement on the channel. Each party accepts that from the date the other party receives confidential information (“revealing part”), the receiving party will use the same means to protect its own confidential information, but in any event no less than due diligence to prevent disclosure and protect the confidentiality of the disclosure party`s confidential information. The fact that confidential information does not bear a property legend or are not transmitted orally does not constitute a waiver to exempt that information from the protection provided by this agreement. The obligations of each receiving party remain until all the confidential information of the other party disclosed below is made public or made public by the action or inaction of the receiving party. Confidential information does not contain information that the receiving party may document (i) (by the absence of improper act or inaction by the receiving party or its representatives (as defined below) is generally known to the public; (ii) was in his possession, or that he knew him without restriction prior to the entry of the public party, (iii) at the disposal of the public party or its representatives who have no obligation to secret, or (iv) is developed independently of the receiving party, without using or referring to the confidential information provided by the public party. The term “representative” when used with respect to one of the parties close to the party means that the party`s affiliated organizations, representatives, officers, directors, councillors and employees of that party. The receiving party may only use the confidential information it has received from the disclosed party in the context and to promote the purposes of this agreement and may only provide this confidential information to its respective representatives who “need to know this confidential information” and who are bound by a written agreement or by the operation of the right to confidentiality obligations that are no less restrictive than those contained in it. Each party is liable for a violation of the agreement by one of its representatives.
Each party will immediately inform the other party of the discovery of an unauthorized use or disclosure of confidential information and will cooperate with the other party in all appropriate ways to assist in the recovery of this confidential information and to prevent its subsequent unauthorized use. The entity will not use or authorize any confidential Gimbal marketing information and/or material to the detriment of Gimbal or for the purposes of competition, comparison or performance calibration. When this contract expires or ends, the Entity will immediately return or destroy Gimbal`s confidential information and all marketing materials related to the Services.