Common use of Confidential Information and Proprietary Interests Clause in Contracts

Confidential Information and Proprietary Interests. Executive acknowledges that he has received and will continue to receive Company’s Confidential Information. Executive recognizes that all such Confidential Information is and shall remain the sole property of the Company, free of any rights of Executive, and acknowledges that the Company has a vested interest in assuring that all such Confidential Information remains secret and confidential. Therefore, Executive agrees that during or after the expiration of his term of employment with the Company, the Executive shall not communicate or divulge to, or use for the benefit of, any individual, association, partnership, trust, corporation or other entity except the Company, any Confidential Information received by the Executive by virtue of his employment, without first being in receipt of the Company’s written consent to do so.

Appears in 4 contracts

Samples: Employment Agreement (Biofrontera Inc.), Amended Employment Agreement (Biofrontera Inc.), Amended Employment Agreement (Biofrontera Inc.)

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Confidential Information and Proprietary Interests. Executive acknowledges that he has received and as Chief Financial Officer, they will continue to receive Company’s Confidential Information. Executive recognizes that all such Confidential Information is and shall remain the sole property of the Company, free of any rights of Executive, and acknowledges that the Company has a vested interest in assuring that all such Confidential Information remains secret and confidential. Therefore, Executive agrees that during or after the expiration of his their term of employment with the Company, the Executive shall not communicate or divulge to, or use for the benefit of, any individual, association, partnership, trust, corporation or other entity except the Company, any Confidential Information received by the Executive by virtue of his their employment, without first being in receipt of the Company’s written consent to do so.

Appears in 2 contracts

Samples: Employment Agreement (Biofrontera Inc.), Employment Agreement (Biofrontera Inc.)

Confidential Information and Proprietary Interests. Executive acknowledges that he as the Vice President of Finance and Operations, she has received and will continue to receive Company’s Confidential Information. Executive recognizes that all such Confidential Information is and shall remain the sole property of the Company, free of any rights of Executive, and acknowledges that the Company has a vested interest in assuring that all such Confidential Information remains secret and confidential. Therefore, Executive agrees that during or after the expiration of his her term of employment with the Company, the Executive shall not communicate or divulge to, or use for the benefit of, any individual, association, partnership, trust, corporation or other entity except the Company, any Confidential Information received by the Executive by virtue of his her employment, without first being in receipt of the Company’s written consent to do so.

Appears in 1 contract

Samples: Employment Agreement (Biofrontera Inc.)

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Confidential Information and Proprietary Interests. Executive acknowledges that he she has received and will continue to receive Company’s Confidential Information. Executive recognizes that all such Confidential Information is and shall remain the sole property of the Company, free of any rights of Executive, and acknowledges that the Company has a vested interest in assuring that all such Confidential Information remains secret and confidential. Therefore, Executive agrees that during or after the expiration of his her term of employment with the Company, the Executive shall not communicate or divulge to, or use for the benefit of, any individual, association, partnership, trust, corporation or other entity except the Company, any Confidential Information received by the Executive by virtue of his her employment, without first being in receipt of the Company’s written consent to do so.

Appears in 1 contract

Samples: Employment Agreement (Biofrontera Inc.)

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