- Non-disclosure + Confidentiality: You shall not disclose to any third party or put to unauthorized use any Confidential Information disclosed to you by us. You shall take all measures to maintain the confidentiality of the Confidential Information in your possession or control. You shall not commercially exploit the Confidential Information in any manner. ‘Confidential Information’ shall mean any and all information regarding the Venture that has been disclosed to you by us including but not limited to business and marketing related information, financial information, target/potential customer base related information, information related to the physical training content and modules to be used by the Venture in its business (the “Training Content”) etc. whether disclosed to you in writing, visually, electronically or orally.
- Intellectual Property: Please note that the intellectual property in the Training Content that is disclosed to you is owned by several third-party organizations, and we only have a limited license to use the same in connection with the Venture. Notwithstanding the disclosure of the contents of the same to you, the ownership of such content shall remain the exclusive property of the said third party organizations. The disclosure and/or sharing of the Training Content with you shall not constitute an express or implied grant to you of any intellectual property rights in the same, and you shall not be entitled to (i) use by yourself; or (ii) disclose the same to any third party without risking the consequence of litigation.
- Consequence of breach: Please note that any breach of the obligations set out in Clauses 1, 2 and/or 3 above would constitute breach of contract under applicable Indian civil laws (which could entail the consequence of payment of monetary penalty/compensation) and breach of trust for the purposes of applicable Indian criminal laws (which could entail the consequence of payment of monetary fines / penal provisions as prescribed by Law).
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