Cost-cutting is the major factor to outsource. Outsourcing converts fixed costs into variable costs, releases capital for investment elsewhere in your business, and allows you to avoid large expenditures in the early stages of business. Outsourcing can also make your firm more attractive to investors, since you`re able to pump more capital directly into revenue-producing activities.
Companies that do everything themselves have much higher research, development, marketing and distribution expenses, all of which must be passed on to customers. An outside provider`s cost structure and economy of scale can give your firm an important competitive advantage.
Hiring and training staff for short-term or peripheral projects can be very expensive, and temporary employees don`t always live up to your expectations. Outsourcing lets you focus your human resources where you need them most.
A good outsourcing firm has the resources to start a project right away. Handling the same project in house might involve taking weeks or months to hire the right people, train them and provide the support they need. And if a project requires major capital investments, the startup process can be even more difficult.
Every business has limited resources, and every manager has limited time and attention. Outsourcing can help your business to shift its focus from peripheral activities toward work that serves the customer, and it can help managers set their priorities more clearly.
In this Agreement, “Confidential Information” means information disclosed by UVAS Technology & Outsourcing Pvt. Ltd. to the Contractor, or obtained by the Contractor related to the Purposes, by any means or media that a reasonable person would conclude is intended to remain confidential because of the nature of: the circumstances of disclosure, or the information itself, or because the information is expressly designated as confidential or proprietary, including any information disclosed prior to the date of this Agreement but which is related to the Purposes. Without limiting the foregoing, the following is deemed to be Confidential Information:
(a) Personal Information;
(b) commercial, financial, technical (including test results), operational or other information which concerns the business and affairs of UVAS Technology & Outsourcing Pvt. Ltd., its employees or students;
(c) know-how, trade secrets, tools, products, procedures, methods, techniques, algorithms, designs, specifications, computer source code, or other proprietary technology or systems;
(d) unpublished patent applications and associated materials, including reports, notes, summaries, abstracts and drafts; and
(e) other information for which UVAS Technology & Outsourcing Pvt. Ltd. has protection obligations under contract or UVAS Technology & Outsourcing Pvt. Ltd.’s rules, regulations, policies and procedures.
3.2. In this Agreement, Confidential Information excludes information that:
(a) is publicly known;
(b) is received by the Contractor from a third party that does not owe a duty of confidentiality to UVAS Technology & Outsourcing Pvt. Ltd.;
(c) is voluntarily disclosed by UVAS Technology & Outsourcing Pvt. Ltd. to a third party who is not under a duty of confidentiality;
(d) is independently developed or learned by the Contractor using proper means; or
(e) UVAS Technology & Outsourcing Pvt. Ltd. provides prior written approval for the Contractor to disclose to a third party.
3.3. The Contractor acknowledges that in being provided access to the UVAS Technology & Outsourcing Pvt. Ltd. Systems for the Purposes, the Contractor and/or its employees may have access to Confidential Information and that such information is subject to