Common use of Degree of Care Clause in Contracts

Degree of Care. The Council and each Member shall, and shall cause its respective Representatives to, safeguard the Confidential Information from unauthorized use, access or disclosure and protect the confidentiality of the Confidential Information with the same degree of care that it exercises with respect to its own information of like importance, but in no event less than a reasonable degree of care. The Council and each Member shall be responsible for any breach of the terms of this Agreement by any of its Representatives. Each Member agrees to promptly provide written notice to the Council of any breach of this Agreement, including but not limited to, any misuse of Confidential Information by the Member or any of the Member’s Representatives. The Council agrees to promptly provide written notice to a Member of any breach of this Agreement with respect to such Member’s Confidential Information, including but not limited to, any misuse of such Member’s Confidential Information by the Council or any of the Council’s Representatives.

Appears in 18 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

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