Common use of Modeling Clause in Contracts

Modeling. With respect to the Modeling, Critical shall retain ownership of the analytical process. CRC shall retain ownership of all data provided for the Modeling and all results of the application of the analytical process to the data. Critical shall not, without prior written permission of CRC, transfer, disclose or otherwise provide the data or results of the Modeling to any person outside of Critical. Critical agrees that it shall thoroughly safeguard the confidentiality of the data in the Modeling results, and in no event shall it be to a lesser extent than Critical safeguards its own proprietary information. Critical agrees that access to such data and the Modeling results will be given only to employees of Critical who require access in the course of Critical's business, and such employees will be informed of the confidential nature thereof and shall be required to observe provisions of confidence as set forth herein. 1. Within seven days following termination or expiration of this Agreement, Critical shall return all data provided by CRC for the Modeling and all Modeling results. Thereafter, within said seven day period, Critical shall destroy all copies of the Modeling Data provided by CRC and the Modeling results which Critical has in its possession.