Common use of Title to Confidential Information Clause in Contracts

Title to Confidential Information. The Parties acknowledges and agrees that the Confidential Information disclosed by the Disclosing Party to the Receiving Party is or is deemed to be the sole and exclusive property of the Disclosing Party. The Receiving Party may, at his cost, copy and use such Confidential Information for the purposes of performing his obligations under the Agreement but for no other purpose. The Receiving Party shall promptly return all such Confidential Information to the Disclosing Party upon the Disclosing Party’s request following the expiry or termination of the Agreement.