Common use of Intellectual Property Confidentiality Clause in Contracts

Intellectual Property Confidentiality. If during the course of Seller’s performance under any Order, Seller makes modifications or improvements to the product specifications or develops any new process or other new technology related to the Goods or Services, Buyer will own such modification, improvement, process or technology. Seller shall perform whatever actions are reasonably required or requested by Buyer in order to transfer ownership of same to Buyer or to provide evidence of Buyer’s ownership thereof. Seller shall not, either prior to or after the termination of any Order, use (except for Buyer’s direct benefit as authorized in these Terms), disclose or allow to be disclosed to others any confidential information or trade secret regarding Buyer’s products, business, customers, processes, techniques or operations learned by Seller incident to its performance under any Order. All specifications, documents, drawings and other data delivered by Buyer to Seller in connection with any Order are subject to this confidentiality obligation. Seller’s confidentiality obligation will not extend to information that is generally published or lawfully available from other sources or that was known to Seller prior to disclosure thereof by Buyer.

Appears in 3 contracts

Samples: www.sonoco.com, www.sonoco.com, www.sonoco.com

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Intellectual Property Confidentiality. If during the course of Seller’s performance under any Order, Seller makes modifications or improvements to the product specifications or develops any new process or other new technology related to the Goods or Services, Buyer will own such modification, improvement, process or technology. Seller shall perform whatever actions are reasonably required or requested by Buyer Xxxxx in order to transfer ownership of same to Buyer or to provide evidence of Buyer’s ownership thereof. Seller shall not, either prior to or after the termination of any Order, use (except for BuyerXxxxx’s direct benefit as authorized in these Terms), disclose or allow to be disclosed to others any confidential information or trade secret regarding BuyerXxxxx’s products, business, customers, processes, techniques or operations learned by Seller incident to its performance under any Order. All specifications, documents, drawings and other data delivered by Buyer to Seller in connection with any Order are subject to this confidentiality obligation. Seller’s confidentiality obligation will not extend to information that is generally published or lawfully available from other sources or that was known to Seller prior to disclosure thereof by Buyer.

Appears in 1 contract

Samples: www.sonoco.com

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