SUBCONTRACT AGREEMENT
This Subcontract Agreement (the ‘Agreement’) is made effective this (DATE)
BETWEEN: [GASFELLAS LIMITED] (the ‘contractor’), with registered address located at: [13-17 High Beech Road, Loughton, IG10 4BN]
AND:
(the ‘subcontractor’) with registered address located at:
Subcontractor:
Contractor:
Confidentiality: Non-disclosure Agreement
This agreement acknowledges that certain confidential information, trade secrets and proprietary data (hereinafter defended and referred to as ‘Confidential Information’) of or regarding the Company or may be discussed between the Subcontractor and the Contractor (hereinafter known collectively as the ‘Parties”). The provisions set forth in this Agreement define the circumstances in which the Subcontractor can and cannot disclose Confidential Information, and include the remedies, penalties and lawful action the Contractor may take should such information be used or disclosed by the Subcontractor. Both parties agree that it is in their best interests to protect the Company’s Confidential Information, and that the terms of this Agreement create a bond of trust and confidentiality between them. In consideration of Subcontractors acceptance of work from the Contractor, or continued work with the Company, the Parties agree as follows:
A. Definitions. Confidential Information is any material, knowledge, information and data (verbal, electronic, written or any other form) concerning the Company or its businesses not generally known to the public consisting of, but not limited to, inventions, discoveries, plans, concepts, designs, blueprints, drawings, models, devices, equipment, apparatus, products, prototypes, formulae, algorithms, techniques, research projects, computer programs, software, firmware, hardware, business, development and marketing plans, merchandising systems, financial and pricing data, information concerning investors, customers, suppliers, consultants and employees, and any other concepts, ideas or information involving or related to the business which, if misused or disclosed, could adversely affect the Company’s business.
B. Exclusions. For the purposes of this Agreement, information shall not be deemed Confidential Information and the Subcontractor shall have no obligation to keep confidential if:
(i) the information was publicly known;
(ii) the information was received from a third party not subject to the restrictions of this Agreement and becomes available to subcontractor through no wrongful act or breach of Agreement on their part; or
(iii) the information was approved for release by the Contractor through written authorisation.
Anti-Money Laundering
The Subcontractor must ensure that they comply with the anti-money laundering regulations. The UK anti-money laundering regime requirements are set out in the Proceeds of Crime Act 2002 (POCA) (as amended by the Serious Organised Crime and Police Act 2005 (SOCPA)), the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017) and the Terrorism Act 2000.
Damages/Liability
The Contractor - Accepts no liability for any damage or theft at the property whist the Subcontractor works. The Contractor recommends that the Subcontractor considers all aspects of security, insurance cover against possible damage or claim that may occur during such periods.
Please ensure you send in a copy of your public liability insurance and gas safe certificate to info@gasfellas.co.uk