Information on processing personal data of customers and suppliers

We would hereby like to inform our customers and suppliers regarding the processing of their personal data we obtained in relation to our business transactions.

1. Purposes of processing and legal basis for processing

1.1 The basic purpose of personal data processing is to conclude business. Personal data processing is therefore necessary for the performance of contracts entered into.
1.2 We are bound by a range of duties with respect to such business which are stipulated by various laws such as:

• Act No. 563/1991 Coll. (Accounting Act)
• Act No. 586/1992 Coll. (Act on Income Taxes)
• Act No. 235/2004 Coll. (Act on Value Added Tax)
• and their respective implementing regulations

Part of compliance with such legislation is also the processing of personal data.

1.3 After a business relation has been terminated, we will continue to process some personal data for archiving purposes, thereby complying with our legal obligation.
1.4 After a business relation has been terminated, we will also process personal data for the purposes of our defence in any litigation or to enforce any of our claims. This constitutes our legitimate interest.

2. Recipients of personal data

We may provide personal data to the following parties:

• Our processors
• Our business associates (customers, suppliers)

3. Personal data retention period

3.1 We will retain personal data for the duration of a business relation.
3.2 After a business relation has been terminated, we will retain personal data for the period of time stipulated by the relevant legislation; if such period is not stipulated, personal data will be retained for 5 years following the termination of a business relation.