Common use of Return/Destruction Clause in Contracts

Return/Destruction. If this Agreement is terminated for any reason, the receiving parties of each item of Confidential Information, including documents, contracts, records or properties, will return it to the disclosing party thereof or, in the receiving party's discretion, destroy it and provide a certification to the disclosing party that all such Confidential Information has been returned or destroyed immediately after termination, except to the extent that retention of any Confidential Information is expressly permitted by any other written agreement among the parties or their Affiliates. The provisions of this Section 15 will survive the termination of this Agreement.

Appears in 3 contracts

Sources: Software Maintenance Agreement (Cbot Holdings Inc), New Systems Operations Agreement (Cbot Holdings Inc), New Systems Operations Agreement (Cbot Holdings Inc)