Misappropriation Clause Samples
The Misappropriation clause defines and prohibits the unauthorized use or disclosure of confidential information, trade secrets, or proprietary materials belonging to one party by another. In practice, this clause applies to situations where an employee, contractor, or business partner might use sensitive information for personal gain or share it with competitors without permission. By clearly outlining what constitutes misappropriation and the consequences of such actions, the clause serves to protect valuable business assets and deter wrongful conduct, thereby reducing the risk of intellectual property theft and maintaining trust between parties.
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Misappropriation. The misapplication, misappropriation or conversion by Borrower, Principal or Guarantor of (A) any Insurance Proceeds paid by reason of any loss, damage or destruction to the Property, (B) any Awards received in connection with a Condemnation of all or a portion of the Property, (C) any Rents during an Event of Default, or (D) any Rents paid more than one month in advance (excluding security deposits);
Misappropriation. The Borrower utilises the Facility in whole or in part for any purposes other than those set out in Clause 3 (Purpose).
Misappropriation. Employee shall not knowingly acquire, use, copy, or misappropriate any trade secret or proprietary information belonging to any other company or person and shall not cause, encourage or induce viaLink to acquire, use, copy, or misappropriate any trade secret or proprietary information belonging to any other company or person.
Misappropriation. Organization's failure to use the funds in the manner approved by this Agreement, as specified in Exhibit "A", shall be grounds for the City to suspend the remittance of further payments to the Organization under the Agreement.
Misappropriation. Noe ▇▇▇ll not knowingly acquire, use, copy, or misappropriate any trade secret or proprietary information belonging to any other company or person and shall not cause, encourage or induce viaLink to acquire, use, copy, or misappropriate any trade secret or proprietary information belonging to any other company or person.
Misappropriation. “Misappropriation” means depriving, defrauding, or otherwise obtaining the real or personal property of an individual by any means prohibited by the Revised Code, including Chapters 2911 and 2913 of the Revised Code.
Misappropriation. During the term of this agreement and at all times thereafter, I hereby promise not to disclose or use or induce or assist in the disclosure or use of, any proprietary information except for the benefit of the Client. For purposes of this agreement, “misappropriation” includes, but is not limited to, the accessing, downloading, or transmitting of proprietary information created, stored, or maintained in digital form by a Client for the personal economic or noneconomic use of an employee (You) even though the employee may be otherwise authorized to access such proprietary information to perform his or her job duties.
Misappropriation. To the Company's knowledge, no third party is infringing or misappropriating the Company's Intellectual Property in any manner that, has had or is reasonably likely to have, individually or collectively, a Material Adverse Effect.
Misappropriation. This Agreement may be terminated immediately without liability by Licensor in the event that Licensor has reasonable grounds to believe that unauthorized use of the Licensed Patents, Licensed Technical Information, or other Confidential Information of Licensor has been made by Licensee or a person or party within its control.
Misappropriation. The insurance companies and coverages maintained by Borrower and its Subsidiaries as of the date hereof are satisfactory to Agent as of such date. All such policies of insurance shall be in such amounts and with such insurance companies as are reasonably satisfactory to Agent. Borrower shall deliver copies of all such policies to Agent with a satisfactory lender's loss payable endorsement naming Agent as sole loss payee or additional insured, as appropriate. Each policy of insurance or endorsement shall contain a clause requiring the insurer to give not less than 30 days prior written notice to Agent in the event of cancellation of the policy for any reason whatsoever.