Examples of business secret in a sentence
If a request is made for information marked "Trade Secret" or "Business Secret," and the requester takes legal action seeking release of the materials it believes does not constitute trade secret information, by submitting a proposal, Consultant agrees to indemnify, defend and hold harmless VCTC, its agents and employees, from any judgment, fines, penalties, and award of attorneys’ fees awarded against VCTC in favor of the party requesting the information, and any and all costs connected with that defense.
The District shall not be liable or in any way responsible for the disclosure of any such proposal or portions thereof, if Consultant/Professional has not plainly marked it as a "Trade Secret" or "Business Secret" or if disclosure is required under the Public Records Act.
At such time as the District selects a bid, all proposals received become a matter of public record, and shall be regarded as public records, with the exception of those elements in each proposal that are defined by Consultant/Professional and plainly marked as "Business Secret" or Trade Secret." Any proposal that contains language purporting to render all or significant portions of the proposal "Confidential," "Trade Secret," or "Proprietary," shall be regarded as non-responsive.
Every Business Secret will remain protected for the time during which it continues to be a Business Secret, and CONTRACTOR will not use nor disclose or allow its employees, agents or service providers (occasional contractors) to use or disclose any Business Secret in violation of this clause or of any other with no restriction, for the term during which it continues to be a Business Secret.
The Contractor acknowledges and accepts that the Business Secret is a valuable property belonging exclusively to the Ordering Party.