Common use of Disclosure and Use Restriction Clause in Contracts

Disclosure and Use Restriction. Except to the extent expressly authorized by this Agreement or otherwise agreed in writing by the parties, the parties agree that, during the Term and for *** (***) years thereafter, the Receiving Party will keep confidential and will not publish or otherwise disclose and will not use for any purpose other than as expressly provided for in this Agreement any Confidential Information of the Disclosing Party. The Receiving Party may use such Confidential Information only to the extent required to accomplish the purposes of this Agreement or in connection with the exercise of its rights hereunder. The Receiving Party will use at least the same standard of care as it uses to protect proprietary or confidential information of its own to ensure that its employees, agents, consultants and other representatives do not disclose or make any unauthorized use of the Confidential Information. The Receiving Party will promptly notify the other upon discovery of any unauthorized use or disclosure of the Confidential Information.

Appears in 3 contracts

Samples: Collaboration and License Agreement (Pozen Inc /Nc), Collaboration and License Agreement (Pozen Inc /Nc), Collaboration and License Agreement (Pozen Inc /Nc)

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Disclosure and Use Restriction. Except to the extent expressly authorized by this Agreement or otherwise agreed in writing by the partiesParties, the parties Parties agree that, during the Term and for *** five (***5) years thereafter, the Receiving Party will shall keep confidential and will shall not publish or otherwise disclose and will shall not use for any purpose other than as expressly provided for in this Agreement any Confidential Information of the Disclosing Party. The Receiving Party may use such Confidential Information only to the extent required to accomplish the purposes of this Agreement or in connection with the exercise of its rights hereunder. The Receiving Party will shall use at least the same standard of care as it uses to protect proprietary or confidential information of its own to ensure that its employees, agents, consultants and other representatives do not disclose or make any unauthorized use of the Confidential Information. The Receiving Party will promptly notify the other upon discovery , but in no case less than a reasonable degree of any unauthorized use or disclosure of the Confidential Informationcare.

Appears in 2 contracts

Samples: Trademark Assignment Agreement (Pozen Inc /Nc), License and Collaboration Agreement (Pozen Inc /Nc)

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