Common use of Acknowledgment of Proprietary Interest Clause in Contracts

Acknowledgment of Proprietary Interest. As between the parties, the Xxxxxxxx Companies agree that all Confidential Information is a valuable, special and unique asset of the Company’s business (and may constitute “trade secrets” under the Uniform Trade Secrets Act and Texas state law), access to and knowledge of which are essential to the performance of the Xxxxxxxx Companies’ duties hereunder. The Xxxxxxxx Companies acknowledge the proprietary interest of the Company in all Confidential Information. The Xxxxxxxx Companies agree that all Confidential Information learned by the Xxxxxxxx Companies in connection with the provision of Services or otherwise, whether developed by the Xxxxxxxx Companies alone or in conjunction with others or otherwise, is and shall remain the exclusive property of the Company. The Xxxxxxxx Companies acknowledges and agree that its disclosure or use of any Confidential Information in violation of this Section 7 will result in irreparable injury and damage to the Company.

Appears in 3 contracts

Samples: Confidential Severance and Release Agreement (Flotek Industries Inc/Cn/), Service Agreement (Flotek Industries Inc/Cn/), Confidential Severance and Release Agreement (Flotek Industries Inc/Cn/)

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Acknowledgment of Proprietary Interest. As between the parties, the Xxxxxxxx Companies agree agrees that all Confidential Information is a valuable, special and unique asset of the Company’s business (and may constitute “trade secrets” under the Uniform Trade Secrets Act and Texas state law), access to and knowledge of which are essential to the performance of the Xxxxxxxx Companies’ duties hereunder. The Xxxxxxxx Companies acknowledge acknowledges the proprietary interest of the Company in all Confidential Information. The Xxxxxxxx Companies agree that all Confidential Information learned by the The Xxxxxxxx Companies in connection with the provision of Services or otherwise, whether developed by the Xxxxxxxx Companies alone or in conjunction with others or otherwise, is and shall remain the exclusive property of the Company. The Xxxxxxxx Companies acknowledges acknowledge and agree that its his disclosure or use of any Confidential Information in violation of this Section 7 will result in irreparable injury and damage to the Company.

Appears in 2 contracts

Samples: Service Agreement (Flotek Industries Inc/Cn/), Service Agreement (Flotek Industries Inc/Cn/)

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Acknowledgment of Proprietary Interest. As between the parties, the Xxxxxxxx Cxxxxxxx Companies agree that all Confidential Information is a valuable, special and unique asset of the Company’s business (and may constitute “trade secrets” under the Uniform Trade Secrets Act and Texas state law), access to and knowledge of which are essential to the performance of the Xxxxxxxx Cxxxxxxx Companies’ duties hereunder. The Xxxxxxxx Cxxxxxxx Companies acknowledge the proprietary interest of the Company in all Confidential Information. The Xxxxxxxx Cxxxxxxx Companies agree that all Confidential Information learned by the Xxxxxxxx Cxxxxxxx Companies in connection with the provision of Services or otherwise, whether developed by the Xxxxxxxx Cxxxxxxx Companies alone or in conjunction with others or otherwise, is and shall remain the exclusive property of the Company. The Xxxxxxxx Cxxxxxxx Companies acknowledges acknowledge and agree that its disclosure or use of any Confidential Information in violation of this Section 7 will result in irreparable injury and damage to the Company.

Appears in 1 contract

Samples: Service Agreement (Flotek Industries Inc/Cn/)

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