Common use of DUTY TO SAFEGUARD CONFIDENTIAL INFORMATION Clause in Contracts

DUTY TO SAFEGUARD CONFIDENTIAL INFORMATION. Receiving Party will maintain the Disclosing Party’s Confidential Information in confidence, except that Receiving Party may disclose or permit disclosure of any of the Disclosing Party’s Confidential Information to its directors, officers, employees, and agents who need to know such Confidential Information to conduct the Project and who are subject to confidentiality obligations with respect to the Confidential Information no less restrictive than those set forth herein as a condition of their employment. Receiving Party will promptly, upon discovery of any disclosure or use of Disclosing Party’s Confidential Information not authorized hereunder, notify Disclosing Party and take reasonable steps to prevent any further unauthorized disclosure or unauthorized use of Disclosing Party’s Confidential Information. Notwithstanding the foregoing, Receiving Party may disclose Disclosing Party’s Confidential Information pursuant to an order of a court or other governmental authority of competent jurisdiction, provided that the Receiving Party (a) promptly notifies Disclosing Party of such order, (b) gives Disclosing Party an opportunity to oppose such disclosure, and (iii) takes reasonable efforts to minimize the disclosure of such Confidential Information.

Appears in 2 contracts

Samples: Research Agreement (Lexeo Therapeutics, Inc.), Research Agreement (Lexeo Therapeutics, Inc.)

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DUTY TO SAFEGUARD CONFIDENTIAL INFORMATION. Each Receiving Party will shall use reasonable efforts to maintain the Disclosing Party’s Confidential Information of the Disclosing Party in confidence, except that the Receiving Party may disclose or permit disclosure of any of the Disclosing Party’s Confidential Information to its directors, officers, employees, consultants, advisors, subcontractors and agents who need to know such Confidential Information to conduct for the Project Permitted Purpose and who are subject to confidentiality bound by obligations with respect to the Confidential Information no less restrictive than of nondisclosure and limited use at least as stringent as those set forth herein as a condition of their employmentherein. Receiving Party will shall promptly, upon discovery of any disclosure or use of Disclosing Party’s Confidential Information not authorized hereunder, notify Disclosing Party and take reasonable steps to prevent any further unauthorized disclosure or unauthorized use of Disclosing Party’s Confidential Information. Notwithstanding the foregoing, Receiving Party may disclose Disclosing Party’s Confidential Information pursuant to an order of a court or other governmental authority of competent jurisdiction, provided that the Receiving Party (a) to the extent legally permissible, promptly notifies Disclosing Party of such order, (b) gives Disclosing Party an opportunity to oppose such disclosure, disclosure and (iiic) takes all reasonable efforts and lawful actions to minimize the obtain confidential treatment for such disclosure of and, if possible, to avoid such Confidential Informationdisclosure.

Appears in 1 contract

Samples: Research Collaboration Agreement (Greenbrook TMS Inc.)

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DUTY TO SAFEGUARD CONFIDENTIAL INFORMATION. Receiving Party will maintain the Disclosing Party’s Confidential Information in confidence, except that Receiving Party may disclose or permit disclosure of any of the Disclosing Party’s Confidential Information to its directors, officers, . employees, and agents who need to know such Confidential Information to conduct the Project and who are subject to confidentiality obligations with respect to the Confidential Information no less restrictive than those set forth herein as a condition of their employment. Receiving Party will promptly, upon discovery of any disclosure or use of Disclosing Party’s Confidential Information not authorized hereunder, notify Disclosing Party and take reasonable steps to prevent any further unauthorized disclosure or unauthorized use of Disclosing Party’s Confidential Information. Notwithstanding the foregoing, Receiving Party may disclose Disclosing Party’s Confidential Information pursuant to an order of a court or other governmental authority of competent jurisdiction, provided that the Receiving Party (a) promptly notifies Disclosing Party of such order, . (b) gives Disclosing Party an opportunity to oppose such disclosure, and (iii) takes reasonable efforts to minimize the disclosure of such Confidential Information.

Appears in 1 contract

Samples: Research Agreement (Lexeo Therapeutics, Inc.)

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