Common use of Reference and Background Checks Clause in Contracts

Reference and Background Checks. Due to the confidential nature of the information and materials which will be accessible to Contractor, the Exchange shall have the right to conduct reference checks and background checks on Contractor Staff to be used to provide the Services. The Exchange reserves the right in its sole discretion to reject any proposed Staff as a result of information produced by such reference checks, background checks, or additional sources of information. Both Contractor and the Exchange agree to maintain the confidentiality of information gathered under this provision and use it solely to promote the security of the Project or System or for other purposes as required by federal or State laws or regulations.