Common use of Industry Clause in Contracts

Industry. The party receiving any Confidential Information of the other party agrees to maintain the confidential status of such Confidential Information for a period of 2 years from the date of disclosure and not to use any such Confidential Information for any purpose other than the purposes for which it was originally disclosed to the receiving party, and not to disclose any of such Confidential Information to any third party. Upon expiration or termination of this Agreement, the receiving party shall return promptly to the other party or destroy, at that party's option, all tangible materials that disclose or embody Confidential Information.