Common use of CONFIDENTIAL INFORMATION AND PROPERTY OF THE COMPANY Clause in Contracts

CONFIDENTIAL INFORMATION AND PROPERTY OF THE COMPANY. 6.1 The Consultant's Obligations as to Confidential Information and Materials. Confidential Information, whether in written, oral, magnetic, photographic, optical, or other form and whether now existing or developed or created during the period of the Consultant's relationship or engagement with the Company, excepting information obtained from general or public sources, is proprietary to the Company and is highly confidential in nature. In this regard, the Consultant acknowledges that any breach of its obligations under Section 6 will cause irreparable harm to the Company for which damages cannot be reasonably calculated. Accordingly, in the event that the Consultant breaches its obligations under Section 6, the Consultant agrees that the Company shall be entitled to obtain injunctive relief restraining any further breach without proof of actual damages or the requirement to establish the adequacy of any other remedies available to it. In addition to injunctive relief, the Company shall also be entitled to pursue a claim for damages or any other remedies available to it in law or in equity.

Appears in 3 contracts

Samples: Consulting Agreement (Nutritional High International Inc), Consulting Agreement (Nutritional High International Inc), Consulting Agreement (Axiom Corp.)

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CONFIDENTIAL INFORMATION AND PROPERTY OF THE COMPANY. 6.1 The Consultant's Contractor’s Obligations as to Confidential Information and Materials. Confidential Information, whether in written, oral, magnetic, photographic, optical, or other form and whether now existing or developed or created during the period of the ConsultantContractor's relationship or engagement with the Company, excepting information obtained from general or public sources, is proprietary to the Company and is highly confidential in nature. In this regard, the Consultant Contractor acknowledges that any breach of its obligations under Section 6 will cause irreparable harm to the Company for which damages cannot be reasonably calculated. Accordingly, in the event that the Consultant Contractor breaches its obligations under Section 6, the Consultant Contractor agrees that the Company shall be entitled to obtain injunctive relief restraining any further breach without proof of actual damages or the requirement to establish the adequacy of any other remedies available to it. In addition to injunctive relief, the Company shall also be entitled to pursue a claim for damages or any other remedies available to it in law or in equity.

Appears in 1 contract

Samples: Consulting Agreement (XORTX Therapeutics Inc.)

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