Common use of Maintenance of Confidential Information Clause in Contracts

Maintenance of Confidential Information. The Parties agree to maintain Confidential Information with at least the standard of care it uses to protect its own Confidential Information, but in no event less than a reasonable standard of care, and shall not, directly or indirectly: (i) transfer or disclose any Confidential Information to any third party; (ii) use any Confidential Information other than as contemplated under this Agreement; or (iii) take any other action with respect to Confidential Information inconsistent with the confidential and proprietary nature of such information. In the event that any of the Parties or their respective directors, officers, employees, consultants or agents are requested or required by legal or regulatory process to disclose any of the Confidential Information of any other Party, the Party required to make such disclosure shall, to the extent permitted by the Applicable Laws and Rules, give prompt written notice to such other Party so that such other Party may seek a protective order or other appropriate relief. In the event that such protective order is not obtained, the Party required to make such disclosure shall disclose only that portion of the Confidential Information that its counsel advises that it is legally required to disclose. Each Party agrees to notify the other promptly in writing, which may be via e-mail, should it become aware of the possession or use of Confidential Information or any portion thereof by any person not authorized by this Agreement.

Maintenance of Confidential Information. The Parties agree to maintain Confidential Information with at least the standard of care it uses to protect its own Confidential Information, but in no event less than a reasonable standard of care, and shall not, directly or indirectly: (i) transfer or disclose any Confidential Information to any third party; (ii) use any Confidential Information other than as contemplated under this Agreement; or (iii) take any other action with respect to Confidential Information inconsistent with the confidential and proprietary nature of such information. In the event that any of the Parties either Party or their respective directors, officers, employees, consultants or agents are requested or required by legal or regulatory process to disclose any of the Confidential Information of any the other Party, the Party required to make such disclosure shall, to the extent permitted by the Applicable Laws and Rules, give prompt written notice to such the other Party so that such the other Party may seek a protective order or other appropriate relief. In the event that such protective order is not obtained, the Party required to make such disclosure shall disclose only that portion of the Confidential Information that its counsel advises that it is legally required to disclose. Each Party agrees to notify the other promptly in writing, which may be via e-mail, should it become aware of the possession or use of Confidential Information or any portion thereof by any person not authorized by this Agreement.