Common use of Background Knowledge Clause in Contracts

Background Knowledge. Background Knowledge shall mean information which is held by the Parties prior to their entering into this Agreement, as well as copyrights or other intellectual property rights pertaining to such information, the application for which has been filed before their entering into this Agreement, and which is needed to perform the obligations under this Agreement. Background Knowledge will be considered Confidential Information and property of the Party concerned.

Background Knowledge. Background Knowledge shall mean information which is held by the Parties prior to their entering into this Agreement, as well as copyrights or other intellectual property rights pertaining to such information, the application for which has been filed before their entering into this Agreement, and which is needed to perform the obligations under this AgreementAgreement or for using the results of the Services. Background Knowledge will be considered Confidential Information and property of the Party concerned.