In consideration for the disclosure to me of certain confidential information regarding the company, I give the following undertakings with the understanding and intent that they will be relied on by the company.
I will keep confidential all confidential information that is disclosed to me and I will not, without the prior written consent of the Company:
(a) Directly or indirectly permit disclosure of any of the confidential information to any person, or
(b) Use the confidential information in a way that is directly or indirectly in competition with the Company or assist any other person to use it in a way that is directly or indirectly in competition with the Company.
Without limiting the generality of the term confidential information, I acknowledge that the term is used in this undertaking to include all information disclosed directly or indirectly to me including all information contained in the Cutshop® Concept document.
I will, upon demand of the Company, return it or destroy (at the Company's option) all confidential information, (including all copies or reproductions of the confidential information) in my possession or control together with all information and documentation containing, comprising or relating in any way to the confidential information.
I understand that any unauthorised disclosure by me of the confidential information may result in the Company suffering loss or damage and I acknowledge that I will be liable to the Company for any such loss or damage suffered by the Company or its Franchisee's as a result of such unauthorised disclosure.