Restriction on Disclosure and Use of Confidential Information and Trade Secrets Sample Clauses

Restriction on Disclosure and Use of Confidential Information and Trade Secrets. Executive understands and agrees that the Confidential Information and Trade Secrets constitute valuable assets of the Company and its affiliated entities, and may not be converted to Executive’s own use. Accordingly, Executive hereby agrees that Executive shall not, directly or indirectly, at any time during the Restricted Period reveal, divulge, or disclose to any Person not expressly authorized by the Company any Confidential Information, and Executive shall not, directly or indirectly, at any time during the Restricted Period use or make use of any Confidential Information in connection with any business activity other than that of the Company. Throughout the term of this Agreement and at all times after the date that this Agreement terminates for any reason, Executive shall not directly or indirectly transmit or disclose any Trade Secret of the Company to any Person, and shall not make use of any such Trade Secret, directly or indirectly, for himself or for others, without the prior written consent of the Company. The parties acknowledge and agree that this Agreement is not intended to, and does not, alter either the Company’s rights or Executive’s obligations under any state or federal statutory or common law regarding trade secrets and unfair trade practices. Anything herein to the contrary notwithstanding, Executive shall not be restricted from disclosing or using Confidential Information that is required to be disclosed by law, court order or other legal process; provided, however, that in the event disclosure is required by law, Executive shall provide the Company with prompt notice of such requirement so that the Company may seek an appropriate protective order prior to any such required disclosure by Executive.
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Benjamin V
Principal
Restriction on Disclosure and Use of Confidential Information and Trade Secrets. Executive hereby agrees that Executive shall not, directly or indirectly, reveal, divulge, or disclose to any entity any Confidential Information, and Executive shall not, directly or indirectly, at any time for a period of five (5) years from the Termination Date use or make use of any Confidential Information in connection with any business activity. Executive shall not directly or indirectly transmit or disclose any Trade Secret of Company to any Person, and shall not make use of any such Trade Secret, directly or indirectly, for himself or for others. This Agreement is not intended to, and does not alter either Company's rights or Executive's obligations under any state or federal statutory or common law regarding trade secrets and unfair trade practices. 4 5 For purposes of this Agreement, "Confidential Information" means all information regarding Company, its activities, business or clients that is the subject of reasonable efforts by Company to maintain its confidentiality and that is not generally disclosed by practice or authority to persons not employed by Company, but that does not rise to the level of a Trade Secret. Confidential Information shall include, but is not limited to, financial plans and data concerning Company; management planning information; business plans; operational methods; market studies; marketing plans or strategies; product development techniques or plans; customer lists; details of customer contracts; current and anticipated customer requirements; past, current and planned research and development; business acquisition plans; and new personnel acquisition plans. Confidential Information shall not include information that has become generally available to the public by the act of one who has the right to disclose such information without violating any right or privilege of Company. This definition shall not limit any definition of "confidential information" or any equivalent term under state or federal law.
Restriction on Disclosure and Use of Confidential Information and Trade Secrets. The Executive understands and agrees that the Confidential Information and Trade
Restriction on Disclosure and Use of Confidential Information and Trade Secrets. Mr. Harvey understands and agrees that the Confidential Information and Trade Secrets constitute a valuable asset of Seller (and of the Company following the Acquisition) and may not be converted (other than as customarily used in the TRSi Business) or misappropriated to Mr. Harvey’s own use following the Acquisition. Accordingly, Mr. Harvey hereby agrees that, except as otherwise required by law, he shall not, directly or indirectly, during the Restricted Period, reveal, divulge or disclose to any Person, not expressly authorized by the Company, any Confidential Information or Trade Secrets, and Mr. Harvey shall not, directly or indirectly, during the Restricted Period, make use of any Confidential Information or Trade Secrets in connection with any business activity other than for the Company or the TRSi Business.