Sponsored Party definition
Examples of Sponsored Party in a sentence
The Sponsored Party may only use, embed, implement and/or distribute Confidential Information as a component of or in combination with any Sponsored Party Product as allowed under section 2(b).
Confidential Information in the Sponsored Party’s possession or control includes, in all circumstances, Confidential Information placed by the Sponsored Party, directly or indirectly, into the possession or control of any agent, professional advisor, or Permitted Party.
If the Sponsored Party is required to disclose any Confidential Information under this section, the Sponsored Party shall: (i) disclose only that portion of the Confidential Information that, in the written opinion of its attorneys, the Sponsored Party is required to disclose; and (ii) use reasonable efforts to ensure that the Confidential Information is accorded confidential treatment by the recipient.
The Sponsored Party shall implement, maintain, and use appropriate administrative, technical, and physical security measures to protect the Confidential Information.
The Sponsored Party is responsible for any unauthorized duplication, disclosure, or use of Confidential Information by a Permitted Party.
The Sponsored Party shall take all reasonable measures to protect and ensure the secrecy of, and to affirmatively avoid unauthorized use and unauthorized disclosure of, all Confidential Information in its possession or control.
These Supplemental Terms are effective only when the Sponsorship Agreement is signed by the Sponsored Party.
Without limiting the foregoing, the Sponsored Party shall protect the Confidential Information with at least the same degree of care that the Sponsored Party uses to protect its own confidential information.
The Sponsored Party acknowledges that damages are not an adequate remedy for violation of these Supplemental Terms.
The purpose of these periodic acknowledgments is to ensure the Sponsored Party remains cognizant of these Supplemental Terms and its obligations with respect to Confidential Information in its possession and control.