Common use of Property of Third Parties Clause in Contracts

Property of Third Parties. I recognize that the Company has received and in the future will receive information from third parties, which is private or proprietary information subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. I agree, during the term of my employment and thereafter, to hold all such private or proprietary information received from third parties in the strictest confidence and not to disclose or use it, except as necessary in carrying out my work for the Company consistent with the Company’s agreement with such third party. My obligations regarding the private or proprietary information of third parties shall continue until such time as such private or proprietary information is publicly known without fault on my part.

Appears in 3 contracts

Samples: Employment Agreement (Sorrento Therapeutics, Inc.), Employment Agreement (Sorrento Therapeutics, Inc.), Employment Agreement (Sorrento Therapeutics, Inc.)

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Property of Third Parties. I recognize that the Company has received and in the future will receive information from third parties, parties which is private or proprietary information subject to a duty on the Company’s 's part to maintain the confidentiality of such information and to use it only for certain limited purposes. I agree, during the term of my employment and thereafter, to hold all such private or proprietary information received from third parties in the strictest confidence and not to disclose or use it, except as necessary in carrying out my work for the Company consistent with the Company’s 's agreement with such third party. My obligations regarding the private or proprietary information of third parties Proprietary Information shall continue until such time as such private or proprietary information the Proprietary Information is publicly known without fault on my own part.

Appears in 1 contract

Samples: Invention Agreements

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