ICC Non-Circumvention and Non-Disclosure Agreement: What You Need to Know

The International Chamber of Commerce (ICC) has established a set of rules for conducting international trade and commerce. One of these rules is the Non-Circumvention and Non-Disclosure Agreement, which is published as ICC Publication No. 769.

This agreement is designed to protect the interests of parties involved in international trade transactions. It serves as a legal document that prohibits the unauthorized use or disclosure of confidential information shared between the parties. Additionally, it prevents any attempts to bypass or evade the agreed-upon terms and conditions of the transaction.

The ICC Non-Circumvention and Non-Disclosure Agreement is widely recognized in international trade as a standard contract that helps to establish trust between parties. It is commonly used in transactions involving the transfer of technology, intellectual property rights, and other trade secrets.

The agreement includes important provisions that define the responsibilities of each party and specify the type of information that is considered confidential. Additionally, it outlines the consequences of breaching the agreement and provides a mechanism for dispute resolution.

One of the key benefits of using the ICC Non-Circumvention and Non-Disclosure Agreement is that it can help to avoid costly legal battles. By establishing clear guidelines for the handling of confidential information and the conduct of the transaction, parties can minimize the risk of misunderstandings and disputes.

In addition to providing protection for confidential information, the agreement can also help to establish a framework for a long-term business relationship. By demonstrating a commitment to transparency and integrity, parties can build trust and confidence in each other.

In conclusion, the ICC Non-Circumvention and Non-Disclosure Agreement is an essential tool for international trade. It provides a clear framework for the handling of confidential information and the conduct of transactions, helping to establish trust and minimize the risk of disputes. By adhering to this agreement, parties can build strong and lasting business relationships that benefit everyone involved.