BiD Challenge: 

Confidentiality Agreement

The Confidentiality Agreement aims to protect the submitters of business plans to the Business in Development Challenge.

The BiD Challenge aims to help business plan submitters by engaging professional screeners, coaches, jury and investors to make this possible.

This Agreement is designed for the BiD Challenge screeners, personal coaches, potential investors, members of the jury and members of the BiD Challenge organisation (‘Receiver’ or ‘I’).

This Agreement deals with the protection of confidential information and documents submitted by their owners to the BiD Challenge. Information is confidential if it has been qualified in writing to the BiD Challenge Organisation or labelled as ‘confidential’ (‘Confidential Information’).

Obligations of the Receivers

  1. I promise not to reveal Confidential Information BID Challenge that come in my possession to third parties, even after the conclusion of the contest.
  2. I promise to use Confidential Information only in the course of preparation for, carrying out and follow-up of the BiD Challenge. I also promise to pass on this information to third parties only after express written consent from information owner.
  3. I promise to destroy all Confidential Information received in the course of the BiD Challenge within one year of signing this Agreement.
  4. I promise to ensure that any colleagues and advisers that are called upon for assistance will also abide by these rules.
  5. I promise to use Confidential Information solely for the Purpose of the BiD Challenge and my role in the competition.

Withdrawal

RECEIVERS who violate the above rules must withdraw from the BiD Challenge.

Commencement and Completion

This confidentiality agreement is valid from January 2005 till December 2008.

Legal position

This statement and possible disputes arising from will be dealt with according to Dutch law.

Disputes

All disputes which occur regarding this Declaration of Confidentiality will be dealt with by the BiD Challenge Arbitration Commission. Should the dispute not be resolved by the arbitration board, it will be dealt with according to the Rules of Arbitration of the Netherlands Arbitration Institute. One juror will decide on the case. The place of arbitration will be Amsterdam.