Common use of Confidential Information Intellectual Property Clause in Contracts

Confidential Information Intellectual Property. (a) Seller acknowledges and agrees that all specifications, drawings, diagrams, schematics, sketches, models, molds, tools, samples, designs, technical information, data, business plans, financials or other confidential information (“Confidential Information”), furnished in writing, orally or otherwise, by Buyer or on Buyer’s behalf, is and shall remain Buyer’s sole and exclusive property, and shall be returned promptly to Buyer or Buyer’s designee (together with all copies) upon Buyer’s request. Seller agrees to hold Confidential Information in the strictest confidence, not to disclose Confidential Information to third parties except as required by law, and to use Confidential Information solely for the purpose of performing the Purchase Order. Seller shall not, without obtaining written consent of Buyer, in any manner advertise or publish information about the Buyer or its products, its business relationship with Buyer, or that Seller has furnished products to Buyer hereunder.