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SUPPLY OF OPERATION AND TECHNICAL SERVICES THROUGH A COMPREHENSIVE TECHNOLOGICAL PLATFORM

Supply Agreement

SUPPLY OF OPERATION AND TECHNICAL

SERVICES THROUGH A COMPREHENSIVE TECHNOLOGICAL

PLATFORM | Document Parties: ELEPHANT TALK COMMUNICATIONS INC | ELEPHANT TALK COMMUNICATION HOLDING, AG You are currently viewing:
This Supply Agreement involves

ELEPHANT TALK COMMUNICATIONS INC | ELEPHANT TALK COMMUNICATION HOLDING, AG

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Title: SUPPLY OF OPERATION AND TECHNICAL SERVICES THROUGH A COMPREHENSIVE TECHNOLOGICAL PLATFORM
Date: 6/4/2009
Industry: Communications Services     Sector: Services

SUPPLY OF OPERATION AND TECHNICAL

SERVICES THROUGH A COMPREHENSIVE TECHNOLOGICAL

PLATFORM, Parties: elephant talk communications inc , elephant talk communication holding  ag
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CONFIDENTIAL TREATMENT REQUESTED

WITH RESPECT TO CERTAIN PORTIONS HEREOF

DENOTED WITH “***”

 

 

 

 

 

Exhibit 10.1

CONTRACT BETWEEN

 

VIZZAVI ESPAÑA, S.L.

 

AND

 

ELEPHANT TALK COMMUNICATION HOLDING, AG

 

FOR THE SUPPLY OF OPERATION AND TECHNICAL

SERVICES THROUGH A COMPREHENSIVE TECHNOLOGICAL

PLATFORM

 

 

20 MAY 2009

 

 

 

 

 

 

 


 

 

CONFIDENTIAL TREATMENT REQUESTED

WITH RESPECT TO CERTAIN PORTIONS HEREOF

DENOTED WITH “***”

 

In Madrid, 20 May 2009

 

ASSEMBLED

 

ON THE ONE PART,

 

MR. JAIME BUSTILLO VELASCO, of full legal age and with address for these purposes at Avenida de Europa 1, Parque Empresarial de La Moraleja, 28108 Alcobendas, Madrid, acting as proxy in the name and on behalf of the trading corporation VIZZAVI ESPAÑA, S.L. (hereinafter, VIZZAVI), with Tax Identification Code No. B-82896119. He is empowered by virtue of the power of attorney executed before the Notary of Madrid, Mr. Manuel Rodríguez Marín, on 9 October 2008, with number 2440 in his minute of record, which is duly registered in the Mercantile Register of Madrid, Volume 19,772, Folio 192, Section 8, Page M-272203, 33 rd entry.

 

AND ON THE OTHER,

 

MR. STEVEN PAUL KAREL MARIE VAN DER VELDEN , of full legal age and with address for these purposes at Gartenstrasse 105, CH-4052 Basel, Switzerland, acting as proxy in the name and on behalf of the trading corporation ELEPHANT TALK COMMUNICATION HOLDING, A.G. (hereinafter, ELEPHANT TALK), with registration number CH 270.3.013.519-0, which representation he holds by virtue of the powers granted on 17 May 2009 by a resolution of the Company.

 

Both Parties appearing declare that they have sufficient legal capacity to enter into a contract and bind themselves, both personally and in the capacity and representation in which they intervene, which they mutually recognize and undertake not to challenge, and, with their mutual consent

 

 

 


 

 

CONFIDENTIAL TREATMENT REQUESTED

WITH RESPECT TO CERTAIN PORTIONS HEREOF

DENOTED WITH “***”

 

THEY DECLARE

 

 

I.

That VIZZAVI is a company authorized by the sectorial telecommunications legislation to provide complete Virtual Mobile Operator (VMO) electronic communications services by virtue of a Resolution of the Telecommunications Market Commission dated 18 August 2008.

 

II.

That ELEPHANT TALK is an international provider of electronic communications services for Virtual Mobile Operators through the rendering of operation and technical support services over technological platforms.

 

III.

That VIZZAVI, in the development of its electronic communications activity, is interested in hiring from ELEPHANT TALK and ELEPHANT TALK is interested in providing to VIZZAVI certain operation and technical support services over a comprehensive technological platform in the terms and conditions established in this Contract and the Annexes hereto.

 

IV.

That by virtue of what is set down in the foregoing declarations, the Parties have reached an agreement which they formalize in accordance with the following

 

 

 


 

 

CONFIDENTIAL TREATMENT REQUESTED

WITH RESPECT TO CERTAIN PORTIONS HEREOF

DENOTED WITH “***”

 

CLAUSES

 

 

 

1.

OBJECT OF THE CONTRACT

 

1. .1  

The object of this Contract is the rendering by ELEPHANT TALK to VIZZAVI of the operation and technical support services (hereinafter, “the services”) described in Annexes A, B1, B2, C, D and E of this Contract, in the terms and conditions established in this document and its Annexes (hereinafter, referred to jointly as “the Contract”).

 

1.2  

The services shall be rendered by ELEPHANT TALK to VIZZAVI over the technological platform described in Annex C of this Contract.

 

1.3  

This Contract is of an exclusive nature, pursuant to the provisions of the following clauses:

 

        1.3.1

ELEPHANT TALK may not render in Spain the operation and technical support services under this Contract either directly or indirectly to any operator other than VIZZAVI (with or without its own telecommunications network) that is a direct or indirect competitor of VIZZAVI in the Spanish electronic communications market, within a *** counting from the Contract’s execution, as per the obligations laid down in Clause 3.3, except with the express authorization of VIZZAVI.

 

         1.3.2

Likewise, VIZZAVI may not contract the operation and technical support services that are the object of this Contract with any other comprehensive technological platform other than ELEPHANT TALK, whilst ELEPHANT TALK is not authorized to render such services to other operators within the framework of what is established in Clause 1.3.1 and in accordance with the obligation laid down in Clause 3.6, except with the express authorization of ELEPHANT TALK.

 

1.4

The numbering, codes and other technical parameters allocated to VIZZAVI by the competent bodies (MSISDN, IMSI, short numbering codes, ICC, etc.) and which, as and when applicable, are managed by ELEPHANT TALK in the performance of this Contract, shall remain under the control of VIZZAVI.

 

 

2.

STRUCTURE OF THE CONTRACT 2

 

2.1

This Contract is structured in accordance with the following schematic:

 

           2.1. 1  

Main Body: It includes the Contract’s essential principles and the elements that regulate the relations between the Parties.

 

 

 


 

 

CONFIDENTIAL TREATMENT REQUESTED

WITH RESPECT TO CERTAIN PORTIONS HEREOF

DENOTED WITH “***”

 

          2.1.2   

Annex A – Services for the End Customers of the Virtual Mobile Operators (VMOs) of VIZZAVI

 

           2.1.3  

Annex B1 – Support Services for the Virtual Mobile Operators (VMOs) of VIZZAVI

 

           2.1.4

Annex B2 – Support Services for VIZZAVI operations

 

           2.1.5  

Annex C – Technical Annex

 

           2.1.6  

Annex D – Economic Terms and Conditions

 

           2.1.7  

Annex E – Capabilities and Undertakings relating to Project Management

 

           2.1.8  

Annex F – Communications and Official Contact List

 

           2.1.9  

Annex G – Data Protection

 

           2.1.10  

Annex H – Security and Fraud

 

           2.1.11  

Annex I – Ethical Purchases

 

           2.1.12  

Annex J – General Health & Risk-Prevention Conditions

 

           2.1.13  

Annex K – Requirements for Compliance with the Sarbanes-Oxley Rules

 

           2.1.14  

Annex L – Certificates

 

2.1.14.1 Fiscal Certificate

2.1.14.2 Labour Certificate

2.1.14.3 Copy of Insurance Policy

 

           2.1.15  

Annex M – Definitions 2.1.16 Annex N – Environment

 

2.2

The Annexes may have their own associated Appendices, if so decided with the mutual consent of the Parties.

 

2.3

Both Parties explicitly acknowledge that all the elements comprising this Contract have the same status.

 

2.4

Each one of the Annexes and Appendices, when applicable, as well as any future updates or additions which the Parties may agree to incorporate into this Contract, suitably signed by both Parties, shall form an integral part thereof. The rights and obligations deriving therefrom shall be exercisable or enforceable from the date it is signed, except in the case of an agreement to the contrary on the validity date.

 

3.

ESSENTIAL OBLIGATIONS OF THE CONTRACT

 

The Parties explicitly acknowledge the essential nature of the following obligations within the framework of this Contract:

 

 

 


 

 

CONFIDENTIAL TREATMENT REQUESTED

WITH RESPECT TO CERTAIN PORTIONS HEREOF

DENOTED WITH “***”

 

A. Obligations of ELEPHANT TALK:

 

3.1

Rendering of the services that are the object of the Contract by ELEPHANT TALK in the terms and conditions established in the Contract.

 

3.2

Likewise, ELEPHANT TALK accepts the following obligations:

 

        3.2.1

Guarantee that the rendering of the services under this Contract shall be carried out in accordance with the technologies and modalities currently in existence and working, which shall be suitably maintained and upgraded on the basis of the mobile electronic communications market’s development. In this connection, ELEPHANT TALK guarantees the adequate upgrading of the functionalities, services, platform architectures and technologies available in the telecommunications market at any given moment, as per the roadmap which both Parties will keep updated in order to guarantee their dimensioning in accordance with the growth in the VIZZAVI services. The roadmap will be designed and kept updated on the basis of independent benchmarking, reflecting the existing developments in the market.

 

        3.2.2

Undertaking to make available to VIZZAVI access to future technologies and technological innovations that may appear in the telecommunications market, always provided that a prior request has been made, and that the aforesaid technologies and innovations are within the scope of ELEPHANT TALK.

 

ELEPHANT TALK must notify and make available to VIZZAVI, sufficiently in advance for VIZZAVI to be able to offer it in the market, the implementation of any new functionality whether deriving from a new project or technology or the consequence of the existing functionalities’ evolution, within the mobile telecommunications environment.

 

        3.2.3

Guarantee of the adequate updating of commercial conditions, as regards both the services that are the object of this Contract and any new services that may arise, based on the needs expressed by VIZZAVI to keep itself competitive in the market in which it conducts its activities. The economic terms and conditions for the development of new services not included in the object of the Contract, as established in Annexes A, B, C, D and E, shall be established in accordance with the provisions of Annex D.

 

 

 


 

 

CONFIDENTIAL TREATMENT REQUESTED

WITH RESPECT TO CERTAIN PORTIONS HEREOF

DENOTED WITH “***”

 

        3.2.4

Guarantee of adequate maintenance of the commercial structure and prices, as described in detail in Annex D, in the cases contemplated in 3.2.1 and 3.2.2.

 

3.3

Not to render, either directly or indirectly, the operation and technical support services under this Contract to any operator other than VIZZAVI (with or without its own telecommunications network) that is a direct or indirect competitor of VIZZAVI in the Spanish mobile electronic communications market, within a *** term counting from the Contract’s execution, except with the express authorization of VIZZAVI.

 

B. Obligations of VIZZAVI:

 

3.4

To make the payments owed by virtue of this Contract in the terms and conditions of Clause 13 and Annex D relating to the economic terms and conditions.

 

3.5

Fulfillment in good faith of its obligations to provide maximum support to ELEPHANT TALK in this Contract’s application and performance.

 

3.6

Obligation of VIZZAVI, pursuant to the provisions of Clause 1.3.2, not to contract the operation and technical support services under this Contract with any other comprehensive technological platform different to ELEPHANT TALK, except with the express authorization of ELEPHANT TALK.

 

4.

VALIDITY

 

4.1

This Contract shall enter into force on the date it is signed and shall remain in force for a 5-year term. This Contract shall be automatically renewed for successive terms of two (2) years as from the completion of the initial term and/or that of its renewals, except when either of the Parties notifies the other in writing of its intention to the contrary, at least *** in advance of the conclusion of the term that is in force.

 

4.2

In the event that ELEPHANT TALK decides not to renew this Contract, the provisions of Clause 6.4 shall apply.

 

4.3

Without prejudice to the Contract’s validity date, the Parties agree that the effective rendering of the services contemplated in Annexes A and B shall abide by the implantation schedule described in Annex E

 

4.4

The commercial launch date may not be later than 1 June 2009, except when any of the circumstances provided for in Annex E relating to fulfillment of the implantation schedule exist.

 

4.5

The Parties agree to expressly exclude the possibility of early discharge, with the exception of the cases provided for in Clause 6. If either of the Parties, infringing the provisions of this Contract, were to request the Contract’s early discharge in a situation other than those established therein and without the other Party’s agreement, the penalties indicated in Clause 7.1 shall apply.

 

 

 


 

 

CONFIDENTIAL TREATMENT REQUESTED

WITH RESPECT TO CERTAIN PORTIONS HEREOF

DENOTED WITH “***”

 

4.6

Once two years have elapsed since the Contract’s initial validity, both Parties undertake to study and evaluate new formulae for their joint co-operation. Nevertheless, at the request of either of the Parties and always with their mutual consent, it shall be possible for new formulae for their joint co-operation to be studied and evaluated within a shorter term than that established above.

 

5.

CONTRACT REVIEW AND AMENDMENT

 

5.1

In the event that one of the cases described below were to arise, the Parties are hereby  legitimized to request, in writing, the opening of negotiations that, as and when applicable, shall give rise to the review and amendment of the affected points of the Contract, subject to the agreement of the Parties:

 

 

5.1.1 ***

 

 

5.1.2 ***

 

 

5.1.3 ***

 

 

5.1.4 ***

 

5.2

The negotiations for the Contract’s review and/or amendment must comply with thefollowing rules:

 

       5.2.1

The Parties undertake to negotiate in good faith.

 

       5.2.2

The Parties undertake to mutually make available all the essential information for the development of the negotiations, under the confidentiality obligation established in Clause 9.

 

       5.2.3

During the course of the negotiation process for the Contract’s review, it shall be understood that the validity thereof has been provisionally renewed, except in the case of an agreement of the Parties to the contrary.

 

 

 


 

 

CONFIDENTIAL TREATMENT REQUESTED

WITH RESPECT TO CERTAIN PORTIONS HEREOF

DENOTED WITH “***”

 

 

6.

CONTRACT TERMINATION AND CONSEQUENCES

 

6.1

The Contract shall terminate for the general causes accepted in Law and, in particular, for the following causes:

 

        6.1.1

With the mutual consent of the Parties, expressly indicated in writing and with the setting of the Contract’s termination date.

 

        6.1.2

Due to the termination of the initial validity period or of the tacit renewal, as established in Clause 4.1, always provided that one of the Parties notifies the other in writing of its intention to exclude the Contract’s renewal, a minimum of *** in advance of that date.

 

        6.1.3

Due to the revocation, cancellation or modification, by the Authorities, of the legal authorization held by VIZZAVI when, in this latter case, fulfilment of the obligations laid down in this Contract is prevented. Both Parties shall do their utmost to avoid this situation.

 

        6.1.4

Due to the entry in the body of shareholders of ELEPHANT TALK of a direct competitor of VIZZAVI or of the VIZZAVI Group in the mobile electronic communications market, whenever such acquisition of shares involves (i) the taking of control by the direct competitor of ELEPHANT TALK in the sense of Article 42 of Spain’s Commercial Code; or (ii) the appointment of at least one Director on the Board of Directors of ELEPHANT TALK.

 

         6.1.5

Due to the entry in the body of shareholders of ELEPHANT TALK of a company that in the ***  following entry becomes a direct competitor of VIZZAVI or of the VIZZAVI Group in the Spanish mobile electronic communications market, whenever such acquisition of shares involves (i) the taking of control by the direct competitor of ELEPHANT TALK in the sense of Article 42 of Spain’s Commercial Code; or (ii) the appointment of at least one Director on the Board of Directors of ELEPHANT TALK.

 

For the purpose of Clauses 6.1.4 and 6.1.5, ELEPHANT TALK undertakes to communicate to VIZZAVI whatsoever acquisition of shares on the part of a direct competitor of VIZZAVI or of its Group, at the moment such acquisition takes place or the moment at which it has knowledge thereof and is authorized to make such communication.

 

        6.1.6

Likewise, due to the entry of ELEPHANT TALK in the body of shareholders of a competitor of VIZZAVI or of its Group in the Spanish mobile electronic communications market, whenever such acquisition has the same consequences as those described in Clauses 6.1.4 and 6.1.5 above.

 

 

6.2      

ELEPHANT TALK may seek the unilateral discharge of Contract through an express and written communication in the following case:

 

 

 


 

 

CONFIDENTIAL TREATMENT REQUESTED

WITH RESPECT TO CERTAIN PORTIONS HEREOF

DENOTED WITH “***”

 

       6.2.1

Whenever VIZZAVI fails to fulfill any of its essential obligations contained therein and always provided that such non-fulfillment is not remedied by VIZZAVI within a *** term as from the notification requesting remedy.

 

6. 3

VIZZAVI may seek the Contract’s unilateral discharge by means of an express and written communication in the following cases:

 

        6.3.1.

Whenever ELEPHANT TALK fails to fulfill any of the Contract’s essential obligations established in Clause 3 thereof.

 

In the event of non-fulfillment on the part of ELEPHANT TALK of the obligations laid down in Clause 3.2, discharge may be made effective by VIZZAVI whenever ELEPHANT TALK fails to remedy such non-fulfillment within a ***  term as from the notification requesting remedy.

 

       6.3.2

In the case of repeated non-fulfillment of the operation and quality indications established in Annexes A, B, C and E.

 

       6.3.3

In the event that ELEPHANT TALK decides to contract the wholesale access services in Spain with an operator other than VIZZAVI or the Group to which the latter belongs for the rendering of mobile telephony services to its clients under the VMO model. At any event, ELEPHANT TALK shall communicate its intention to VIZZAVI, ***  in advance thereof.

 

6.4

The Contract’s termination for whatsoever cause shall not necessarily involve theimmediate cessation of the rendering of the ELEPHANT TALK services to VIZZAVI and the latter may request ELEPHANT TALK to continue with the rendering thereof. ELEPHANT TALK shall guarantee the continuity of the rendering of the services in the same conditions as those in which they were being rendered up to termination, always provided that such conditions comply with what has been agreed in the Contract, during a minimum term of ***  after the Contract’s termination or at any event during the time that may be necessary for VIZZAVI to reach a similar agreement to this one and to satisfactorily migrate all the services to the new platform, and the platform remains stable, understanding by such the criterion that the Technology Department of VIZZAVI may establish. Similarly, ELEPHANT TALK shall guarantee complete transparency and the necessary technical support so that migration takes place with maximum speed and least impact on the activity of VIZZAVI. During this period, ELEPHANT TALK shall be authorized to render its services to operators other than VIZZAVI.

 

6.5

The Contract’s termination due to the elapsing of the initially agreed 5-year term or any of its renewals shall not involve the immediate cessation of the rendering of the ELEPHANT TALK services to VIZZAVI in respect of those VIZZAVI customers which, at the moment of termination, have been incorporated into the comprehensive technological platform for a term of less than *** . The rendering of the ELEPHANT TALK services to VIZZAVI in the terms and conditions of this Contract shall apply in respect of each customer during the term that remains up to the *** term’s completion.

 

 

 


 

 

CONFIDENTIAL TREATMENT REQUESTED

WITH RESPECT TO CERTAIN PORTIONS HEREOF

DENOTED WITH “***”

 

6.6

At any event, the Contract’s discharge for any of the causes provided for in this Clause shall not represent the waiver by either of the Parties of the exercise of the actions that may correspond to them by Law and shall not release the Parties from fulfilment of their outstanding obligations.

 

6.7

The obligations contained in the Clauses indicated below shall remain in force after the Contract’s termination for a 5-year term: Clause 9 (Confidentiality) and Clause 11 (Applicable Legislation and Binding Settlement of Disputes).

 

7.

PENALTY CLAUSE FOR EARLY DISCHARGE

 

7.1

Within the framework of Clauses 6.1.4, 6.1.5, 6.1.6, 6.2 and 6.3, which grant the right to the Party not causing the situation described to seek unilateral discharge of Contract, and without prejudice to the compensation for damages and losses to which it may give rise, as a penalty clause expressly convened between the Parties, the following penalties are established for the cases described below:

 

        7.1.1

In the cases provided for in Clauses 6.1.4, 6.1.5, 6.1.6 and 6.3, should it be VIZZAVI which exercises the right to unilateral discharge of contract on the grounds of the existence of any of the circumstances established as a cause for discharge of contract by a unilateral resolution in its favour, ELEPHANT TALK shall pay VIZZAVI the corresponding amount as established in the following table:

 

 

S < ***

 

***

***  =

S <

***

 

***

***  =

S <

***

 

***

*** =

S <

***

 

***

    S =  ***

 

***

 

The Parties agree that the total number of services in the platform (S) shall be the average of the *** of the last *** .

 

 

 


 

 

CONFIDENTIAL TREATMENT REQUESTED

WITH RESPECT TO CERTAIN PORTIONS HEREOF

DENOTED WITH “***”

 

         7.1.2

In the case provided for in Clause 6.2, if it is ELEPHANT TALK which exercises the right to unilateral discharge of contract, on the grounds of the existence of any of the circumstances established as a cause for discharge of contract by a unilateral resolution in its favour, VIZZAVI must pay ELEPHANT TALK, as a penalty, an amount equivalent to that which ELEPHANT TALK has invoiced to VIZZAVI during the *** immediately prior to the exercise of the unilateral discharge right, up to a limit equivalent to the applicable penalty as per Clause 7.1.1 for the corresponding number of services ***.

 

8.

ECONOMIC LIMIT OF THE PARTIES’ LIABILITY IN THE CONTRACT’S PERFORMANCE

 

8.1  

Each Party shall be responsible for the adequate fulfilment of its obligations under this Contract, subject, in respect of possible claims lodged by one Party against the other, to the following limits:

 

        8.1.1

There shall be no limitation on their liability other than that which applies pursuant to Spanish legislation in respect of losses that, being due to actions or omissions, comprise: losses produced by the infringement of industrial or intellectual property rights; injuries caused to persons; damage caused to material goods; or losses caused by wilful intent.

 

        8.1.2

Outside the aforementioned cases, in respect of losses caused by serious negligence in actions or omissions, the responsible Party shall be answerable up to a maximum limit of ***  euros ( ***  €) in respect of consequential damages, loss of earnings, loss of profits and/or loss of data.

 

        8.1.3

Outside the aforementioned cases, in respect of losses caused by ordinary negligence in actions or omissions, the responsible Party shall be answerable up to a limit of ***  euros ( *** €).

 

         8.1.4

One Party shall be liable before the other for the losses caused (particularly for the loss of logs, data or any other information) due exclusively to the latter’s non-fulfilment of the obligations accepted by it by virtue of this Contract.

 

8.2  

The Parties shall not be responsible for the delay, fault in the execution or any other non-fulfilment of any of their contractual obligations when such delay, fault in the execution or non-fulfilment is due to the existence of a cause of force majeure.

 

The Party invoking the partial or complete impossibility of the Contract’s performance for a cause of force majeure must inform the other Party, as quickly as possible and by whatsoever means, the nature, cause, scope and estimated duration of the event. For the time that the event and the effects arising therefrom last, the Parties shall act and co-ordinate in good faith their efforts with a view to adopting as many measures as may be necessary and essential to alleviate and/or overcome them.

 

The Parties’ contractual undertakings and obligations shall be suspended if the event of force majeure and its effects cannot be alleviated, remedied and/or overcome within the seven days following that on which it was notified. Nevertheless, if the situation caused by force majeure were to continue after one month has elapsed since the event was notified, the Contract shall be lawfully terminated without giving rise to compensation of whatsoever type in favour of either of the Parties.

 

 

 


 

 

CONFIDENTIAL TREATMENT REQUESTED

WITH RESPECT TO CERTAIN PORTIONS HEREOF

DENOTED WITH “***”

 

8.3

ELEPHANT TALK shall keep VIZZAVI free from all responsibility and claim that any third party may file against the latter by virtue of this Contract’s performance. To this end, whatsoever claim made against VIZZAVI for this reason shall be notified immediately to ELEPHANT TALK so that it can appear in the claim as necessary and/or voluntary passive joint litigant, together with a lawyer representing its position, against the claim, without this representing on the part of VIZZAVI abandonment of the right to defend itself in each proceeding, for as long as it continues to appear as the defendant, co-defendant, passive joint litigant or third party in the action.

 

8.4

Under no circumstances shall the liability deriving from the application of Clauses 8.1.2 and 8.1.3 exceed the limit of *** euros ( *** €) for each ***  term of the Contract.

 

9.

CONFIDENTIALITY

 

9.1

Neither VIZZAVI nor ELEPHANT TALK may disclose to third parties, without the prior express and written consent of the other Party, any information relating to the content of this Contract or relating to the other Party or the relations of the other Party with its own customers, to which it may have access as a consequence of this Contract, undertaking to treat such information confidentially. The confidentiality obligation established in this Clause shall remain in force during the Contract’s performance and once it has terminated.

 

9.2

DEFINITIONS

 

         9.2.1

For the purpose of this Contract, the following expressions shall be interpreted as per the definitions that appear after them, as follows:

 

 

- “Own Information”: As an example but by no means limited thereto, the following shall be deemed to be “Own Information”: discoveries, concepts, ideas, know-how, techniques, designs, drawings, drafts, diagrams, models, samples, databases of all types, and any technical, financial or commercial information of either of the Parties.

 

 

   “Source”: Either of the Parties shall be deemed to be the “Source” whenever, within the terms of this Contract, it is the one which supplies the Own Information.

 

 

- “Addressee”: Either of the Parties shall be deemed to be the “Addressee” whenever, within the terms of this Contract, it is the one which receives the Own Information from the other Party.

 

9.3

OWN INFORMATION

 

        9.3.1

The Parties agree that any information relating to financial, commercial, technical and/or industrial aspects of either one of them or of their respective businesses supplied to the other Party as a consequence of the agreements they may reach (regardless of whether or not such transfer is verbal, written, on magnetic support or any other computerized mechanism, graphic or of any other type) shall be deemed to be confidential information and shall be treated pursuant to the provisions of this document. For the purpose of this Contract, such information and its copies and/or reproductions shall be deemed to be “Own Information”.

 

 

 


 

 

CONFIDENTIAL TREATMENT REQUESTED

WITH RESPECT TO CERTAIN PORTIONS HEREOF

DENOTED WITH “***”

 

9.4

EXCLUSION FROM THIS CONTRACT

 

        9.4.1

The following information shall not be deemed to be Own Information and neither shall it be treated as such:

 

 

i)

When it is public knowledge at the moment of the supply to the Addressee or, when the supply has been made, it achieves such condition without the Addressee having infringed the provisions of this Contract.

 

 

ii)

When it can be demonstrated by the Addressee, through its archives, that it was in its possession through legitimate means prior to the information being supplied by the Source, without any confidentiality agreement being in force at that moment.

 

 

iii)

When it has been widely disclosed without any limitation by its legitimate creator.

 

 

iv)

When it was created completely and independently by the Addressee, wi


 
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