Common use of Proprietary Knowledge Clause in Contracts

Proprietary Knowledge. refers to technical and/or scientific information and knowledge, including know-how, manufacturing secrets, trade secrets, data, databases, software (source code and object code versions), records, plans, diagrams, drawings, formulas, and any other type of information, in any form whatsoever, whether patentable or not, whether patented or not, and all related intellectual property rights necessary for the Project, belonging to a Party or possessed by it prior to the effective date of the Agreement independently of the completion of the Project and to which it holds the rights of use, and/or developed or acquired by it simultaneously with the performance of the Agreement, and of which it has the right of disposal. It shall be the responsibility of each Party to inform the other Parties in writing of the identification, during the implementation of the Agreement, of other Knowledge and to provide proof, if necessary, of its independence with respect to the Project.