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This information undoubtedly constitutes the secret of an entity conducting business activity which does not want to disclose it to a third party for fear of its unfair use. Additionally it should only be noted that in accordance with the provisions of Art. section and art. of the Act on Combating Unfair Competitionan act of unfair competition is the violation of a trade secret. However in the regulation resulting from the provisions of Art. above of the Act to trade secrets and their violation because according to paragraph.
An act of unfair competition is the disclosure use or acquisition of someone else's information constituting a trade secret . The most important philippines photo editor elements of a confidentiality agreement In order to maintain complete confidentiality the NDA should contain the following elements i.e.: calculations: indication of the parties to the contract; detailed description of the subject of the contract which will include: purpose of the contract.
If, during negotiations, a party has made information available on a confidential basis, the other party is obliged not to disclose or pass it on to other persons and not to use this information for its own purposes, unless the parties have agreed otherwise. § In the event of non-performance or improper performance of the obligations referred to in §, the entitled party may demand that the other party redress the damage or hand over the benefits obtained by it.
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