Common use of Non-Disclosure Clause Clause in Contracts

Non-Disclosure Clause. The successful tenderer shall not disclose directly or indirectly any information, materials and details of the Bank’s infrastructure / systems/ equipment etc, which may come to the possession or knowledge of the successful tenderer during the course of discharging contractual obligations, to any third party and shall at all times hold the same in strictest confidence. The successful tenderer shall treat the details of the contract as private and confidential, except to the extent necessary to carry out the obligations under it or to comply with applicable laws. The successful tenderer shall not publish, permit to be published, or disclose any particulars of the works in any trade or technical paper or elsewhere without the previous written consent of the Bank. The successful tenderer shall indemnify the Bank for any loss suffered by the Bank as a result of disclosure of any confidential information. Failure to observe the above shall be treated as breach of contract on the part of the successful tenderer and the Bank shall be entitled to claim damages and pursue legal remedies against the Tenderer. The successful Tenderer shall take all appropriate actions with respect to its employees to ensure that the obligations of non-disclosure of confidential information under this agreement are fully satisfied. The successful Tenderer’s obligations with respect to non-disclosure and confidentiality will survive the expiry or termination of this agreement.