Common use of Confidential Information and Property Clause in Contracts

Confidential Information and Property. The terms of this contract shall remain confidential to the parties. In the course of this contract it is acknowledged that the Service Provider may acquire confidential information relating to the Company. The Service Provider shall keep this confidential information strictly confidential at all times including both during and after the termination of this contract. The Service Provider agrees never to use the information or attempt to use it for its own personal gain or the gain of any other person. The Service Provider acknowledges that any work and intellectual property created or arising during the term of this contract is and shall remain the exclusive property of the Company. The Company shall be entitled to any copyright, merchandising, or other proprietary rights in or arising from such work. Upon termination of this contract, or upon request, the Service Provider will promptly deliver to the Company all the Company’s property and all documents, records or papers in the Service Provider’s possession or under the Service Provider’s control, including any copies or electronic versions, which relate in any way to the business or affairs of the Company. To avoid doubt, the obligations in this clause will continue to apply after the Term, and regardless of any dispute. Also, if found guilty a compensation of $500 will be recovered.

Confidential Information and Property. The terms of this contract shall remain confidential to the parties. In the course of this contract contract, it is acknowledged that the Service Provider may acquire confidential information relating to the Company. The Service Provider shall keep this confidential information strictly confidential at all times including both during and after the termination of this contract. The Service Provider agrees never to use the information or attempt to use it for its own personal gain or the gain of any other person. The Service Provider acknowledges that any work and intellectual property created or arising during the term of this contract is and shall remain the exclusive property of the Company. The Company shall be entitled to any copyright, merchandising, or other proprietary rights in or arising from such work. Upon termination of this contract, contract or upon request, the Service Provider will promptly deliver to the Company all the Company’s property and all documents, records or papers in the Service Provider’s possession or under the Service Provider’s control, including any copies or electronic versions, which relate in any way to the business or affairs of the Company. To avoid doubt, the obligations in this clause will continue to apply after the Term, and regardless of any dispute. Also, if found guilty guilty, a compensation of $500 will be recovered.