Common use of Confidentiality and Trade Secrets Clause in Contracts

Confidentiality and Trade Secrets. All information or materials relating to or prepared by a party to this Agreement which are obtained or reviewed in any inspection or through the course of business during the term of this Agreement, including but not limited to, CUNA Mutual's insurance policy information, coverage plan and rates and CUNA Mutual's or CUNA Brokerage's policies and procedures, practices, billing information, claims information, business relationship information, statistical data, and any other know-how and information, shall be held in strict confidence by the parties hereto. No party shall permit any third party to copy, review or use the other party's confidential or proprietary materials at any time. CUNA Mutual and CUNA Brokerage shall have sole and exclusive ownership of all right, title and interest in "Trade Secrets" and Broker-Dealer shall obtain no such rights hereunder. "Trade Secrets" shall be defined as a whole or any portion thereof of any business, sales or legal information, process, procedure, know-how that provides a party with a significant competitive advantage in the development, construction, conduct, operation, control, marketing, sale, management, administration, maintenance or servicing of insurance, or financial products. This provision shall survive the termination of this Agreement.

Appears in 3 contracts

Samples: Selling and Services Agreement (Cuna Mutual Variable Annuity Account), Selling and Services Agreement (Cuna Mutual Variable Annuity Account), Selling and Services Agreement (Cuna Mutual Variable Annuity Account)

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Confidentiality and Trade Secrets. All information or materials relating to or prepared by a party to this Agreement which are obtained or reviewed in any inspection or through the course of business during the term of this Agreement, including but not limited to, CUNA Mutual's ’s insurance policy information, coverage plan and rates and CUNA Mutual's ’s or CUNA Brokerage's ’s policies and procedures, practices, billing information, claims information, business relationship information, statistical data, and any other know-how and information, shall be held in strict confidence by the parties hereto. No party shall permit any third party to copy, review or use the other party's ’s confidential or proprietary materials at any time. CUNA Mutual and CUNA Brokerage shall have sole and exclusive ownership of all right, title and interest in "Trade Secrets" and Broker-Dealer shall obtain no such rights hereunder. "Trade Secrets" shall be defined as a whole or any portion thereof of any business, sales or legal information, process, procedure, know-how that provides a party with a significant competitive advantage in the development, construction, conduct, operation, control, marketing, sale, management, administration, maintenance or servicing of insurance, or financial products. This provision shall survive the termination of this Agreement.

Appears in 2 contracts

Samples: Selling and Services Agreement (MEMBERS Life Insurance Co), Selling and Services Agreement (MEMBERS Life Insurance Co)

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Confidentiality and Trade Secrets. All information or materials relating to or prepared by a party to this Agreement which are obtained or reviewed in any inspection or through the course of business during the term of this Agreement, including but not limited to, CUNA MutualMLIC's insurance policy information, coverage plan and rates and CUNA MutualMLIC's or CUNA Brokerage's policies and procedures, practices, billing information, claims information, business relationship information, statistical data, and any other know-how and information, shall be held in strict confidence by the parties hereto. No party shall permit any third party to copy, review or use the other party's confidential or proprietary materials at any time. CUNA Mutual MLIC and CUNA Brokerage shall have sole and exclusive ownership of all right, title and interest in "Trade Secrets" and Broker-Dealer shall obtain no such rights hereunder. "Trade Secrets" shall be defined as a whole or any portion thereof of any business, sales or legal information, process, procedure, know-how that provides a party with a significant competitive advantage in the development, construction, conduct, operation, control, marketing, sale, management, administration, maintenance or servicing of insurance, or financial products. This provision shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Selling and Services Agreement (MEMBERS Life Insurance Co)

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