Common use of BUYER’S PROPERTY AND INFORMATION Clause in Contracts

BUYER’S PROPERTY AND INFORMATION. All tools, dies, molds, templates, equipment, specifications, data, drawings, designs, software or materials furnished by Buyer to Seller or paid for by Buyer, including replacements and materials attached thereto, shall remain and be marked as the personal property of Buyer. Such items shall be separately stored and insured by Seller, and Xxxxxx assumes all risk of loss and liability arising out of or related to the items, until such items are returned to Buyer. These items shall be used by Seller only for filling Buyer’s order and are subject to immediate removal, at Xxxxx’s written request, with each item to be delivered (at Seller’s expense) in its original condition, reasonable wear and tear expected. Seller shall provide to Buyer, without restriction on use or disclosure, all information and documents that Seller has or shall develop or acquire related to the work Seller is performing under the Purchase Order. Such information and documents shall be deemed to be “works for hire” and be the property of Xxxxx, with Xxxxx having a right of use for any purpose, without liability to Seller. All information and documents Buyer may have disclosed or shall disclose to Seller in connection with the goods to be delivered or services provided hereunder shall be deemed confidential and proprietary and shall not be disclosed or used by Seller without the written consent of an officer of Buyer.

BUYER’S PROPERTY AND INFORMATION. All tools, dies, molds, templates, equipment, specifications, data, drawings, designs, software software, electronic CAD files, or materials furnished by Buyer to Seller or paid for by Buyer, including replacements and materials attached thereto, shall remain and be marked as the personal property of Buyer. Such items shall be separately stored and insured by Seller, and Xxxxxx assumes all risk of loss and liability arising out of or related to the items, until such items are returned to Buyer. These items shall be used by Seller only for filling Buyer’s order Order and are subject to immediate removal, at XxxxxBuyer’s written request, with each item to be delivered (at Seller’s expense) in its original condition, reasonable wear and tear expectedexcepted. Seller shall hold in confidence all business and technical information that is made available to Seller, directly or indirectly, or developed or acquired by Seller in performing the work under each Order (collectively “Confidential Information”). Seller shall not, without the prior written approval of Buyer, use the Confidential Information which Seller is required to keep confidential for any purpose other than the performance of the work under the applicable Order. Seller shall provide to Buyer, without restriction on use or disclosure, all information and documents that Seller has or shall develop or acquire related to the work Seller is performing under the Purchase Order. Such information and documents shall be deemed to be “works for hire” and shall be the property of XxxxxBuyer, with Xxxxx Buyer having a right of use for any purpose, without liability to Seller. All information and documents Buyer may have disclosed or shall disclose to Seller in connection with the goods to be delivered or services provided hereunder shall be deemed confidential and proprietary and shall not be disclosed or used by Seller without the written consent of an officer of Buyer.