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Writing a Business Plan Confidentiality Statement
Free Confidentiality Statement Template (NDA)
Every company has a unique identity that sets it apart from its rival companies in the industry. It is a combination of various aspects: The way you set your goals , your marketing strategy, your manufacturing process, or your entire business plan.
As crucial as it is to create a business plan that helps you stand out, it is perhaps just as crucial to protect your plan from any potential intellectual property theft. This is where a confidentiality statement for your business plan helps you safeguard your valuable assets.
A business plan confidentiality statement is a document that states that the information disclosed to the recipient can’t be disclosed to anyone outside the agreement. It is an agreement made between two parties before they enter a deal or exchange any sensitive information which is confidential.
Why Do You Need a Confidentiality Statement?
Even though trust is essential between partners or investors, there’s always a need to stay cautious while handing over your business plans. Even though the organization you plan to work with values confidentiality, everyone involved in it may not.
Your business plan is one of the most elaborate and classified documents. Before disclosing any information, the first and foremost thing is to sign a confidentiality statement. This will avoid the misuse of any information disclosed between the two parties.
How Does a Confidentiality Statement Protect You?
When a confidentiality statement is signed, it is agreed by both parties that they will not expose any of the information that is discussed or presented in the business plans. Additionally, the document should also mention the penalties in case of a violation of the agreement.
If the other party violates the statement of confidentiality, you can proceed legally and receive compensation for the damages you had to bear because of the violation. As per the contract, the compensation is paid.
The absence of a confidentiality statement is an invitation for others to use parts of your business plan. Although copyright laws can help you claim most of your information, some, still, stay unprotected.
Creating a Confidentiality Statement for the Business Plan
Most companies include a brief confidential statement on their business plan cover page. Although it is not a requirement, it delivers a quick message that the document is highly classified. Furthermore, it is essential to create an exclusive document.
To write a stringent confidentiality statement for your business plan, these are the elements that you must include:
Date of Effect
Parties involved in the agreement.
It is crucial to specify the parties that will sign the agreement. If someone, you want as a part of the confidentiality statement, hasn’t signed it, they’re not bound by the clauses mentioned in the document.
For instance, two companies are getting into a contract, and the CEOs, representing the entire company, are signing the document, it is essential to mention that all employees are also bound by the agreement even when they haven’t signed it.
Describe and mention all the terms that both parties are agreeing to. This is a crucial part of the agreement and hence, requires confidentiality. Anything that isn’t included is not protected.
The Non-Confidential part
Along with mentioning the confidential part of your business plan, you also mention the non-confidential part of the agreement. In most cases, there’s a lot of information that is acquired from other sources. This information won’t show under confidential.
Information relevant to the receiving party won’t list under confidential, some of these are:
- The information they owned before the agreement
- If they legally received it from another source
- The information they need to disclose in a lawsuit or administrative proceeding
- If they have developed or are developing the information.
Consequences in case of Agreement’s breach
Here, you mention all the legal consequences that will follow if the receiving party violates the agreement. This can include the procedure and the monetary penalties. According to the uniqueness of the information exposed, the compensation can vary.
Limits of the Usage of Information
Date of termination, miscellaneous clauses, signatures of all parties.
Clearly, this is the most important part of an agreement. Without the signatures of all the parties, the document is pointless and of no value. The agreement, as mentioned previously, can’t go into effect unless everyone involved signs it.
Business Plan Confidentiality Statement Example (Key Points)
This BUSINESS PLAN NON-DISCLOSURE AGREEMENT (hereinafter known as the “Agreement”) between ______ (hereinafter known as the “Company”) and ________ (hereinafter known as the “Recipient”) becomes effective as of this ____ day of ____, 20___ (hereinafter known as the “Effective Date”).
Article III: Term
– The Recipient’s obligations of non-use and non-disclosure concerning Confidential Information will remain in effect in perpetuity. – The Recipient’s obligations of non-use and non-disclosure concerning Confidential Information will remain in effect for ____ years from the Effective Date.
Article VIII: Governing Law
This Agreement shall be governed by the laws of the State of ____________, without regard to conflict of law principles.
Article XII: Notices
Company’s Address ______________________________
Recipient’s Address ______________________________
Representative Signature: Date: Representative Printed Name: Representative Title:
Recipient Signature: Date: Recipient Printed Name:
Protect Your Information with a Confidentiality Statement
As a business owner, it is a duty to protect your ideas and marketing strategies . Create a confidentiality statement for your business plan and ensure that your business interests are safe and in good hands.
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About the Author
Ayush is a writer with an academic background in business and marketing. Being a tech-enthusiast, he likes to keep a sharp eye on the latest tech gadgets and innovations. When he's not working, you can find him writing poetry, gaming, playing the ukulele, catching up with friends, and indulging in creative philosophies.
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Business Plan Non-Disclosure Agreement (NDA)
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Updated December 22, 2022
A business plan non-disclosure agreement (NDA) allows someone to share a business plan without fear of a third party using it for their own benefit. Business plans are highly confidential, especially detailing a marketing strategy with a different approach to a specific market. An NDA makes the shared party liable if the plan is used for anyone else’s personal benefit.
Business Plan Non-Disclosure Agreement (NDA)
The business plan non-disclosure agreement is intended for use when sharing a business plan with consultants, investors, contractors, potential employees, and anyone else evaluating your planned enterprise. Regardless of the size or complexity of your plan, it is likely to include confidential information that hopefully gives you an advantage over competitors. Such information could include your marketing plan, revenue forecast, and capital spending. Note, if you use an NDA with your business plan with one person, you must use NDAs for all who read it, and you should mark the plan as “confidential.”
Product Development NDA – Use when consulting with third (3rd) parties about a potential invention and its use and functionality.
BUSINESS PLAN NON-DISCLOSURE AGREEMENT This agreement (the “Agreement”) between _________________ (the “Disclosing Party”) and _________________ (the “Receiving Party”) is effective _________________ and is intended to prevent the unauthorized disclosure of Confidential Information (as defined below) contained in and relating to the business plan of Disclosing Party. The parties agree as follows: 1. Confidential Information “Confidential Information” is proprietary trade secret information contained within and relating to Disclosing Party’s business plan including but not limited to: business description, marketing plan, sales revenue forecast, profit and loss forecast, capital spending plan, cash flow forecast, future trends, personnel plan, business goals, personal financial statement, supporting documents and information conveyed in writing or in discussion that is indicated to be confidential. 2. Non-Disclosure Receiving Party will treat Confidential Information with the same degree of care and safeguards that it takes with its own Confidential Information, but in no event less than a reasonable degree of care. Without Disclosing Party’s prior written consent, Receiving Party will not: (a) disclose Confidential Information to any third party; (b) make or permit to be made copies or other reproductions of Confidential Information; or (c) make any commercial use of Confidential Information. Receiving Party will carefully restrict access to Confidential Information to those of its officers, directors and employees who are subject to non-disclosure restrictions at least as protective as those set forth in this Agreement and who clearly need such access to participate on Receiving Party’s behalf in the analysis and negotiation of a business relationship or any contract or agreement with Disclosing Party. Receiving Party will advise each officer, director or employee to whom it provides access to any Confidential Information that they are prohibited from using it or disclosing it to others without Disclosing Party’s prior written consent. 3. Return of Business Plan Materials Upon Disclosing Party’s request, Receiving Party shall within 30 days return all original materials provided by Disclosing Party and any copies, notes or other documents in Receiving Party’s possession pertaining to Confidential Information. 4. Exclusions This agreement does not apply to any information that: (a) was in Receiving Party’s possession or was known to Receiving Party, without an obligation to keep it confidential, before such information was disclosed to Receiving Party by Disclosing Party; (b) is or becomes public knowledge through a source other than Receiving Party and through no fault of Receiving Party; (c) is or becomes lawfully available to Receiving Party from a source other than Disclosing Party; or (d) is disclosed by Receiving Party with Disclosing Party’s prior written approval. 5. Term This Agreement and Receiving Party’s duty to hold Confidential Information in confidence shall remain in effect until _________________ or until whichever of the following occurs first: (a) Disclosing Party sends Receiving Party written notice releasing it from this Agreement, or (b) Confidential Information disclosed under this Agreement ceases to be a trade secret. 6. No Rights Granted This Agreement does not constitute a grant or an intention or commitment to grant any right, title or interest in Confidential Information to Receiving Party. 7. Warranty Disclosing Party warrants that it has the right to make the disclosures under this Agreement. 8. General Provisions (a) Relationships. Nothing contained in this Agreement shall be deemed to constitute either party a partner, joint venturer or employee of the other party for any purpose. (b) Severability. If a court finds any provision of this Agreement invalid or unenforceable, the remainder of this Agreement shall be interpreted so as best to effect the intent of the parties. (c) Integration. This Agreement expresses the complete understanding of the parties with respect to the subject matter and supersedes all prior proposals, agreements, representations and understandings. This Agreement may not be amended except in a writing signed by both parties. (d) Waiver. The failure to exercise any right provided in this Agreement shall not be a waiver of prior or subsequent rights. (e) Injunctive Relief. Any misappropriation of Confidential Information in violation of this Agreement may cause Disclosing Party irreparable harm, the amount of which may be difficult to ascertain, and therefore Receiving Party agrees that Disclosing Party shall have the right to apply to a court of competent jurisdiction for an order enjoining any such further misappropriation and for such other relief as Disclosing Party deems appropriate. This right of Disclosing Party is to be in addition to the remedies otherwise available to Disclosing Party. (f) Indemnity. Receiving Party agrees to indemnify Disclosing Party against any and all losses, damages, claims or expenses incurred or suffered by Disclosing Party as a result of Receiving Party’s breach of this Agreement. ( g) Attorney Fees and Expenses. In a dispute arising out of or related to this Agreement, the prevailing party shall have the right to collect from the other party its reasonable attorney fees and costs and necessary expenditures. (h) Governing Law. This Agreement shall be governed in accordance with the laws of the State of _________________. (i) Jurisdiction. The parties consent to the exclusive jurisdiction and venue of the federal and state courts located in _________________ in any action arising out of or relating to this Agreement. The parties waive any other venue to which either party might be entitled by domicile or otherwise. ( j) Successors & Assigns . This Agreement shall bind each party’s heirs, successors and assigns. Receiving Party may not assign or transfer its rights or obligations under this Agreement without the prior written consent of Disclosing Party. However, no consent is required for an assignment or transfer that occurs: (a) to an entity in which Receiving Party owns more than fifty percent of the assets; or (b) as part of a transfer of all or substantially all of the assets of Receiving Party to any party. Any assignment or transfer in violation of this section shall be void. Disclosing Party: _____________________________________________ (Signature) _____________________ (Typed or Printed Name) Title: _____________________ Date: _____________________ Receiving Party: _____________________________________________ (Signature) _____________________ (Typed or Printed Name) Title: _____________________ Date: _____________________
How to Write
EXPLANATION FOR BUSINESS PLAN NON-DISCLOSURE AGREEMENT
Below we provide an explanation for each of the provisions of the Business Plan Non-Disclosure Agreement.
Fill in your company name (you are the disclosing party). Fill in the name of the outside individual or company being granted access to your trade secrets (the Receiving Party). Finally, fill in the date the agreement will take effect. This can be the date it’s signed or a date in the future.
1. Confidential Information
This section defines what is protected against disclosure. Keep in mind that if you are disclosing information in conjunction with the plan, you should designate that information as confidential. If the information is spoken, you should announce the confidentiality.
This clause makes clear that your trade secrets must be kept in confidence by the receiving party and may not be revealed to others without your prior written consent.
3. Return of Business Plan Materials
Here, the receiving party promises to return your business plan and related materials provided by your company, as well as copies, notes, and documents pertaining to the business plan. The agreement gives the receiving party 30 days to return the materials, but you can change this time period if you wish.
This provision describes all the types of information that are not covered by the agreement. These exclusions are based on court decisions and state trade secret laws that say these types of information do not qualify for trade secret protection.
This clause provides the receiving party with an expiration date for the agreement. The Agreement should last as long as the information is likely to remain a trade secret. Five years is a common period, but it can be much shorter, even as little as six months. In Internet and technology businesses, the time period may need to be shorter because of the fast pace of innovation.
6. No Rights Granted
This clause makes clear that you are not granting any ownership rights in the confidential information to the receiving party.
A warranty is a promise. Here, you promise the receiving party that you have the right to disclose the information. This is intended to assure the receiving party that it won’t be sued by some third party claiming that the trade secrets belonged to it and that you had no right to reveal them to the receiving party.
8. General Provisions
These miscellaneous provisions (often referred to as “boilerplate”) are often grouped together at the end of an agreement.
Relationships . Most agreements include a provision like this one, disclaiming any relationship other than that defined in the agreement.
Severability . The severability clause provides that if you wind up in a lawsuit over the agreement and a court rules that one part of the agreement is invalid, that part can be cut out and the rest of the agreement will remain valid.
Integration . The integration provision verifies that the version you are signing is the final version and that neither of you can rely on statements made in the past.
Waiver . This provision states that even if you don’t promptly complain about a violation of the NDA, you still have the right to complain about it later.
Injunctive Relief . An injunction is a court order directing a person to do (or stop doing) something. If someone violated your NDA, you would want a court order directing that person to stop using your secrets.
Indemnity . Some NDAs require the receiving party to pay for all damages (lost profits, attorney fees or other expenses) incurred by the other party as a result of the receiving party’s breach of the non-disclosure agreement. This obligation is known as indemnification. Leaving out the indemnity provision does not prevent you from suing and collecting damages for a breach (contract law holds the receiving party responsible for a breach), but the clause makes it easier to claim damages.
Attorney Fees and Expenses. If you don’t include an attorney fees clause in your agreement, a judge may (in most states) order the award of attorney fees in cases where the theft of the trade secret was willful and malicious. It’s up to the judge, which makes things unpredictable. You are far better off using an attorney fees provision. However, don’t be surprised if the other party is opposed to the idea. Why? Because it is the receiving party that is usually sued, not vice-versa, and the receiving party may believe that the provision will encourage you to litigate.
Governing Law . You can choose any state’s laws to govern the agreement, regardless of where you live or where the agreement is signed. Most businesses favor the state where their headquarters are located.
Jurisdiction . The purpose of adding a jurisdiction provision to an NDA is to get each party to consent in advance to jurisdiction in one county or state and to give up the right to sue or be sued anywhere else.
Successors and Assigns . This provision binds any company that acquires either party.
Signing the agreement. Someone with the necessary authority must sign the agreement on behalf of each party. Each party should sign two copies and keep one. This way, both parties have an original signed agreement.
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Business plan non-disclosure agreement — How to guide
updated November 21, 2023 · 7min read
Non-disclosure agreements (also called NDAs or confidentiality agreements) have become increasingly important for businesses of all sizes, serving as the first line of defense in protecting company inventions, trade secrets, and hard work. These agreements are critical not only when confidential information has been wrongly disclosed, but also when such disclosures have not yet occurred.
At their core, non-disclosure agreements build relationships of trust between two or more parties. The agreements contemplate situations in which at least one party is sharing confidential and proprietary information with the other, and protect the immediate and future security of the disclosed information. Once signed, a non-disclosure agreement allows for open dialogue between parties, creating an environment in which information can be discussed freely and the true objectives of the meeting or relationship can be achieved (e.g., a company can be created, a strategic partnership can be established, etc.).
The enclosed document allows your company to reveal its business plans without worrying that a consultant will turn into a competitor. A written contract minimizes confusion, misunderstanding, and error, and sets forth the parties’ expectations and fulfillment obligations. In every way, this promotes successful and profitable business arrangements.
2. Dos & don’ts checklist
Creating a Business Plan NDA agreement is the first of many steps in maintaining and protecting your organization’s business plan and other confidential information. The following tips will provide additional guidance about protecting your company:
- Protecting proprietary information should be the rule and not the exception. Get in the habit of using a non-disclosure agreement any time there is a possibility sensitive information will be disclosed.
- Instruct all company employees and associates about the importance, security, and protection of confidential information. Wrongful disclosure can happen at any level of your organization.
- Many business owners hesitate to use non-disclosure agreements, fearing they imply suspicion of or doubt about the other party. This is a mistake. Non-disclosure agreements are common in modern business, and most people won’t blink if asked to sign one. If someone does object, ask yourself if you truly want to be in business with that person.
- Make at least two copies of the signed agreement, one for you and the remainder for the other parties to the agreement.
- Keep the signed non-disclosure agreement in a safe place. An executed agreement is useless if it can’t be found.
- Don’t rely on oral promises of confidentiality. They are hard to prove and are harder to enforce.
- In addition to using a non-disclosure agreement, write “CONFIDENTIAL” in bold letters on your business plan and any other documents with proprietary information. This will remind everyone of the nature of the information and of their obligation to protect it.
- Review the non-disclosure agreement carefully. One size does not fit all.
3. Business plan non-disclosure agreement instructions
The following provision-by-provision instructions will help you understand the terms of your business plan non-disclosure agreement. The numbers and letters below (e.g., Section 1, Section 2(c), etc.) correspond to provisions in the contract. Please review the entire agreement before starting your step-by-step process.
- Introduction of parties. Identifies the document as a business plan non-disclosure agreement. Write in the date on which the agreement will become effective (often the date on which it is signed). Identify the parties and, if applicable, what type of organization(s) they are. Note that each party is given a name (e.g., “Company”) that will be used throughout the agreement. The party disclosing its business plan is called the “Company” and the party receiving the business plan is called the “Recipient.”
- Insert the name of the company for which the business plan was created. If the company has not yet been formed, enter the name that will be used.
- Provide a brief description of why the business plan is being provided to the recipient (for example, for consulting or accounting purposes).
- Section 1: Confidential information. Defines “confidential information” for agreement purposes. Enter the number of days the Company has to give the Business Plan to the Recipient after the agreement has been signed and the number of days the Company has to identify verbal information as confidential.
- Section 2(a): Recipient’s treatment of confidential information. Explains how the Recipient will treat the confidential information. Note two important details: (1) the Recipient can use the information only for purposes intended by the Company (e.g., if the information was disclosed so that Recipient could determine whether or not to make an investment, the information can be used only for that purpose); and (2) the Recipient can give the information only to certain individuals within its own organization.
- Section 2(b): Business Plan and Tangible Confidential Information. Indicates how the Recipient must handle the business plan and physical representations of confidential information (e.g., drawings, disks, or reports, and not conversations or presentations).
- Section 2(c): Exceptions. These are listed exceptions to the general rules in a non-disclosure agreement. This section details four situations in which a party’s disclosure of “confidential information” does not violate the agreement. First: if the “confidential information” has been made public by someone other than the Recipient. Second: if the “confidential information” had been provided to the Recipient in a non-confidential manner previously. In other words, the information was provided to the Recipient before he or she signed the agreement, during which time the information either was not considered confidential or was provided in a manner suggesting it was not confidential. Third: if the Recipient is legally compelled to provide confidential information. If this is the case, however, the Recipient must alert the Company immediately, so the Company may limit potential damage. Fourth: if the confidential information was independently developed by the Recipient without breaching the agreement. In other words, if the Recipient generated the same information without reference to protected data. The fourth exception is included because many financiers, investors, and business owners will require it.
- Section 3: Term. States that the Recipient must treat the confidential information as confidential for a certain number of years after it is provided. Enter the number of years that you want this information to be protected.
- Section 4: No license. Restates that the confidential information is being communicated for a specific business purpose only. In other words, the Recipient does not receive any ownership rights to the information through this agreement.
- Section 5: No publicity. Indicates that the Recipient and the Company will keep their dealings confidential. This is typically used for joint ventures, acquisitions, mergers, and similar arrangements, where disclosure of the relationship could diminish the value of a company or its business.
- Section 6: Governing law and equitable relief . Allows one of the parties, often the Company, to choose the state laws that will be used to interpret the agreement. Note that this is not a venue provision: the included language will not impact where a potential claim can be brought. Please write the applicable state in the blank provided. The provision also allows the Company to seek equitable relief (i.e., court remedies requiring a party to perform or refrain from performing certain acts) for any violation of the agreement.
- Section 7: Entire agreement. The parties’ agreement that the document they’re signing is “the agreement” about the confidential information. In other words, if previous agreements or promises surface, the signed agreement will control. The clause also requires changes to be in writing and signed by both parties.
- Section 8: No assignment. Indicates that the Recipient cannot transfer his or her obligations under the agreement to a third party.
- Section 9: Severability. Protects the terms of the agreement as a whole, even if one part is later invalidated. For example, if a state law is passed prohibiting choice-of-law provisions, it will not undo the entire agreement. Instead, only the section dealing with choice of law would be invalidated, leaving the remainder of the agreement enforceable.
- Section 10: Notices. Lists the addresses to which all official or legal correspondence will be delivered.
- Section 11: No implied waiver. Explains that if the Company ignores or allows the Recipient to break an obligation related to the confidential information, it does not mean the Company waives his future rights to enforce the same obligations.
- Section 12: Headings. Notes that the headings at the beginning of each section are meant to organize the document, and should not be considered operational parts of the agreement.
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Business Plan Confidentiality Agreement
Business plan confidentialiy agreement.
By submitting a business plan to Chiesi Ventures, the visitor (Submitter) declares to have complete knowledge and accept in each of its parts the following confidentiality agreement.
In order to have Chiesi Ventures evaluate its business plan, the Submitter must exchange information of a confidential nature (“Confidential Information” as defined in Article 2 below). Chiesi Ventures ensure that they will remains confidential. Each provided technical or commercial information will be treated as confidential under the terms and conditions set out below.
2) Confidential Information
“Confidential Information” includes any information, and/or documentation, and/or material and/or instrument and/or research and development program provided by the Submitter, or furthermore acquired by Chiesi Ventures during the evaluation process of the submitted business plan when it’s declared as “confidential”, “proprietary”, or similar phraseology that indicates the privileged and/or confidential nature of the information. All oral information must be treated as confidential, as must any information regarding any third party. Information that does not qualify as Confidential Information includes information that: a) was in the public domain prior to the transfer of the same information or information that has become publicly available without violating this Confidentiality Agreement; b) has become available after being published by the Submitter for reasons not attributable to Chiesi Ventures; c) was available to Chiesi Ventures prior to the communication, as can be demonstrated by the date of communication on previous documents; d) is legitimately obtained by Chiesi Ventures from a third party who has no obligation of confidentiality; e) was developed independently by Chiesi Ventures without use or reference to information from the Submitter, as can be demonstrated by documents and other evidence in possession of Chiesi Ventures; f) was delivered by Chiesi Ventures to a Judicial or Administrative Authority in compliance with laws or regulations, or as required by the same Judicial or Administrative Authority, in which case Chiesi Ventures shall promptly notify the Submitter, in writing, prior to such disclosure or, if this is not possible, immediately following the disclosure of the information, as well as the method of disclosure in such a way as to limit its dissemination as much as possible.
3) Non-use and non-disclosure
Chiesi Ventures declares that will not use the Confidential Information for purposes other than those allowed in paragraph 1 above, either directly and/or indirectly. Chiesi Ventures will not disclose Confidential Information to third parties or employees and/or different types of third-party co-workers, except when these third parties or their employees and/or different types of third-party co-workers are directly involved in the analysis of the project or as consultants to Chiesi Ventures. If it is mandatory that a third party be involved in carrying out any of the activities listed above in paragraph 1, the Party requesting this involvement must require these third parties to sign a confidentiality agreement with content that reflects the obligations of and is similar to this Confidentiality Agreement. Employees and/or co-workers of Chiesi Ventures and/or employees and/or co-workers of audit companies responsible for auditing financial statements are not considered third parties. Chiesi Ventures has the right to disclose Confidential Information to its consultants. If there is unlawful disclosure of Confidential Information by these consultants, or by members of the governing bodies, the liability for damages will be the responsibility of these consultants.
4) Mantaining Confidentiality
Chiesi Ventures will take reasonable measures to protect the confidentiality of and prevent the dissemination of Confidential Information received under the terms of this Confidentiality Agreement. When handling Confidential Information received from the Submitter, Chiesi Ventures will use the same means they use for their own confidential documents and ensure that all persons who have access to the Confidential Information are bound to confidentiality.
Neither obligation nor commitment nor right, even of an additional pre-contractual nature, with respect to what is contained in this Confidentiality Agreement arises on Chiesi Ventures, as a result of receiving the business plan by the Submitter. Chiesi Ventures has the right to unilaterally terminate the analysis of the project at its own discretion. Chiesi Ventures will continue to respect the terms and conditions of this Confidentiality Agreement with respect to any Confidential Information acquired during execution of the tasks described in paragraph 1 above for a period equal to 2 years, effective from the date of submitting of the business plan accepting this Confidentiality Agreement by se Submitter. No additional obligation may arise from this Confidentiality Agreement for Chiesi Ventures.
7) General Terms and Conditions
by submitting the business plan, the Submitter declares to know and accept the General Terms and Conditions of Use of chiesiventures.com. General Terms and Conditions of Use of chiesiventures.com must be considered an integral part of this agreement. The full version of General Terms and Conditions of Use is available at the following link https://www.chiesiventures.com/terms-of-use