CONFIDENTIALITY AND INFORMATION STORAGE AGREEMENT
1. PARTIES
On one side, the customer sharing their information electronically (Disclosing Party),
On the other side, Zen Hand Design, located at Zen Hand Design (Receiving Party).
They have agreed on the following terms.
2. SUBJECT AND PURPOSE OF THE AGREEMENT
The subject of this agreement is to define, protect, and determine the terms of use for any and all commercial, technical, financial, and operational "Confidential Information" that the Customer may disclose on the Zen Hand Design website within the scope of information shared between the Parties.
3. DEFINITION OF CONFIDENTIAL INFORMATION
For the purposes of this agreement, "Confidential Information" refers to all kinds of information and documents, whether written, verbal, electronic, or magnetic, shared during discussions between the Parties, including but not limited to customer lists, technical data, formulas, software, business plans, financial statements, pricing policies, and any kind of know-how.
4. OBLIGATIONS OF THE PARTIES
4.1. SIR ALAN undertakes to use the Confidential Information disclosed to him only for the purpose specified in this agreement and not to use it for any other purpose (for his own or third parties' benefit). 4.2. SIR ALAN agrees not to disclose, copy, or distribute the Confidential Information, in whole or in part, to third parties, institutions, or organizations without SIR VEREN's written prior consent. 4.3. SIR ALAN may only share the Confidential Information with his employees or consultants who need to know it for work purposes, provided that these individuals also comply with the confidentiality terms in this agreement. 5. EXCEPTIONS TO CONFIDENTIALITY The following situations are not considered a breach of confidentiality: a) Information that has become public and is known by everyone, b) Information that SIR ALAN lawfully knew before receiving it from SIR VEREN, c) Information required to be disclosed by legal obligation or court order (In this case, SIR ALAN is obliged to notify SIR VEREN immediately).
6. PENALTY CLAUSE FOR CONFIDENTIALITY BREACH. In case the RECIPIENT violates any of the confidentiality obligations in this agreement, they agree and undertake to pay the DISCLOSER a penalty of [PENALTY AMOUNT] in cash in a lump sum upon first request, regardless of the damage incurred. The DISCLOSER reserves the right to claim any damages exceeding this amount.
7. TERM OF THE AGREEMENT. This agreement has come into effect on [DATE], and even if the project/cooperation ends, the confidentiality obligation will continue for [DURATION] years from the date of the agreement (or indefinitely).
8. DISPUTE RESOLUTION. The [COURT LOCATION] Courts and Enforcement Offices have jurisdiction over any disputes arising from this agreement.
9. SIGNATURE. This agreement has been prepared in two copies on [DATE] and signed by the parties after being read.
DISCLOSER [DISCLOSER TITLE] Stamp / Signature
Zen Hand Design Stamp / Signature