Confidentiality and Proprietary Information Protection
This Non-Disclosure Agreement ("NDA") governs the disclosure of confidential and proprietary information by Fortschritt Medical Supplies Inc. ("Disclosing Party") to healthcare professionals, medical institutions, and business partners ("Receiving Party") in accordance with Philippine laws, including the Trade Secrets Act provisions under Republic Act No. 10372 (Intellectual Property Code Amendment).
This NDA applies to all technical data, product specifications, pricing information, clinical studies, and business strategies shared in connection with FlexiOss® bone regenerative products.
"Confidential Information" includes, but is not limited to:
Information marked as "Confidential," "Proprietary," or "For Professional Use Only" shall be presumed confidential. Oral disclosures identified as confidential at the time of disclosure are also covered.
The Receiving Party agrees to:
Hold all Confidential Information in strict confidence and not disclose it to any third party without prior written consent from Fortschritt Medical Supplies Inc.
Use Confidential Information solely for the purpose of evaluating business opportunities with Fortschritt Medical Supplies Inc. or for legitimate medical/clinical purposes related to patient care.
Implement reasonable security measures to protect Confidential Information from unauthorized access, disclosure, or use, including physical, electronic, and procedural safeguards.
Limit access to Confidential Information to employees, contractors, or advisors who have a legitimate need to know and who are bound by confidentiality obligations.
Confidential Information does not include information that:
The obligations under this NDA shall remain in effect for a period of five (5) years from the date of disclosure, unless otherwise terminated in writing by both parties. Trade secrets shall remain confidential for as long as they qualify as trade secrets under Philippine law.
Upon request by the Disclosing Party, or upon termination of business discussions, the Receiving Party shall promptly return or destroy all Confidential Information (including copies and derivatives) and certify such destruction in writing.
The Receiving Party acknowledges that unauthorized disclosure or use of Confidential Information may cause irreparable harm to the Disclosing Party. In addition to any other remedies available at law or equity, the Disclosing Party shall be entitled to seek injunctive relief and specific performance.
Violations may also constitute unfair competition under Philippine law (Articles 28 and 168 of the Intellectual Property Code) and may subject the violator to civil and criminal liability.
This NDA shall be governed by and construed in accordance with the laws of the Republic of the Philippines. Any disputes shall be subject to the exclusive jurisdiction of the courts of Pasig City, Metro Manila.
For questions regarding this Non-Disclosure Agreement or to request a formal NDA execution:
Fortschritt Medical Supplies Inc.
Unit G11, Emerald Ave., Ortigas Center, Pasig City 1605
Email: fms.medequip@gmail.com
Phone: (02) 8478 8009