Common use of Confidential Information Ownership Clause in Contracts

Confidential Information Ownership. (a) Each party shall treat as confidential all Confidential Information of the other party that comes to its knowledge through this Agreement. Each party shall take such steps to prevent disclosure of such Confidential Information to any third person as it would take in protecting its own proprietary or confidential information and shall not use any portion of such Confidential Information for any purpose not authorized herein. All Confidential Information of each party and any information containing a party’s Confidential Information shall at all times remain the exclusive property of that party. (b) No party shall be under any obligations with respect to any Confidential Information: (i) which is, at the time of disclosure, available to the general public; (ii) which becomes at a later date available to the general public through no fault on the part of such party and then only after such later date; (iii) which such party can demonstrate was in its possession before receipt from the other party; or (iv) which is disclosed to such party without restriction on disclosure by a third party who has the lawful right to disclose such information. (c) The confidentiality obligations of this Section 7 shall survive the termination of this Agreement.

Appears in 4 contracts

Samples: Management Agreement (Vystar Corp), Management Agreement (Vystar Corp), Management Agreement (Pr Specialists Inc)

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Confidential Information Ownership. (a) Each party shall treat as confidential all Confidential Information of the other party that comes to its knowledge through this Agreement. Each party shall take such steps to prevent disclosure of such Confidential Information to any third person as it would take in protecting its own proprietary or confidential information and shall not use any portion of such Confidential Information for any purpose not authorized herein. All Confidential Information of each party and any information containing a party’s Confidential Information shall at all times time remain the exclusive property of that party. (b) No party shall be under any obligations with respect to any Confidential Information: (i) which is, at the time of disclosure, available to the general public; (ii) which becomes at a later date available to the general public through no fault on the part of such party and then only after such later date; (iii) which such party can demonstrate was in its possession before receipt from the other party; or (iv) which is disclosed to such party without restriction on disclosure by a third party who has the lawful right to disclose such information. (c) The confidentiality obligations of this Section 7 shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Management Agreement (Bf Acquisition Group v Inc)

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Confidential Information Ownership. (a) Each party shall treat as confidential all Confidential Information of the other party that comes to its knowledge through this Agreement. Each party shall take such steps to prevent disclosure of such Confidential Information to any third person as it would take in protecting its own proprietary or confidential information and shall not use any portion of such Confidential Information for any purpose not authorized herein. All Confidential Information of each party and any information containing a party’s Confidential Information shall at all times times, remain the exclusive property of that party. (b) No party shall be under any obligations with respect to any Confidential Information: (i) which is, at the time of disclosure, available to the general public; (ii) which becomes at a later date available to the general public through no fault on the part of such party and then only after such later date; (iii) which such party can demonstrate was in its possession before receipt from the other party; or (iv) which is disclosed to such party without restriction on disclosure by a third party who has the lawful right to disclose such information. (c) The confidentiality obligations of this Section 7 shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Management Agreement (Theater Xtreme Entertainment Group, Inc)

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