Common use of CONFIDENTIALITY AND GRANT OF LICENSE Clause in Contracts

CONFIDENTIALITY AND GRANT OF LICENSE. (a) Owner recognizes and agrees that confidential information of Builder has or will be provided to Owner in connection with the design and construction of the Platform. Builder shall xxxx any such confidential information as "Confidential" (any such information as so marked, herein "Confidential Information") Owner agrees to maintain in confidence and not to exhibit, sell, lease, or otherwise commercialize, disclose, or use such Confidential Information, in whatever form provided including without limitation descriptions, drawings, specifications, and calculations, except as is reasonably necessary in connection with the ownership, operation, repair, and maintenance of the Platform. Such obligation of confidentiality shall extend to and cover information which is discovered as a result of inspection or reverse engineering. In connection therewith, if disclosure of Confidential Information must be made to vendors, suppliers, contractors, or subcontractors, Owner shall disclose only such portion of such Confidential Information as is reasonably necessary to enable such parties to perform the needed work on the Platform. Further, Owner shall first obtain an obligation of confidentiality from such parties with regard to such Confidential Information on substantially the same terms and conditions as set forth herein, which obligation of confidentiality shall expressly be enforceable by and in the name of Builder. Such obligation of confidentiality by such parties shall further provide that all such Confidential Information in whatever form and all copies thereof shall be immediately returned by such parties upon the request of Owner or Builder.

CONFIDENTIALITY AND GRANT OF LICENSE. (a) Owner recognizes and agrees that confidential information of Builder has or will be provided to Owner in connection with the design and construction of the Platform. Builder shall xxxx mark any such confidential information as "Confidential" (any such information as so marked, herein "Confidential Information") Owner agrees to maintain in confidence and not to exhibit, sell, lease, or otherwise commercialize, disclose, or use such Confidential Information, in whatever form provided including without limitation descriptions, drawings, specifications, and calculations, except as is reasonably necessary in connection with the ownership, operation, repair, and maintenance of the Platform. Such obligation of confidentiality shall extend to and cover information which is discovered as a result of inspection or reverse engineering. In connection therewith, if disclosure of Confidential Information must be made to vendors, suppliers, contractors, or subcontractors, Owner shall disclose only such portion of such Confidential Information as is reasonably necessary to enable such parties to perform the needed work on the Platform. Further, Owner shall first obtain an obligation of confidentiality from such parties with regard to such Confidential Information on substantially the same terms and conditions as set forth herein, which obligation of confidentiality shall expressly be enforceable by and in the name of Builder. Such obligation of confidentiality by such parties shall further provide that all such Confidential Information in whatever form and all copies thereof shall be immediately returned by such parties upon the request of Owner or Builder.

CONFIDENTIALITY AND GRANT OF LICENSE. (a) Owner recognizes and agrees that confidential information of Builder has or will be provided to Owner in connection with the design and construction of the Platform. Builder shall xxxx mark any such confidential information as "Confidential" (any such axx xuch information as so marked, herein "Confidential Information") Owner agrees to maintain in confidence and not to exhibit, sell, lease, or otherwise commercialize, disclose, or use such Confidential Information, in whatever form provided including without limitation descriptions, drawings, specifications, and calculations, except as is reasonably necessary in connection with the ownership, operation, repair, and maintenance of the Platform. Such obligation of confidentiality shall extend to and cover information which is discovered as a result of inspection or reverse engineering. In connection therewith, if disclosure of Confidential Information must be made to vendors, suppliers, contractors, or subcontractors, Owner shall disclose only such portion of such Confidential Information as is reasonably necessary to enable such parties to perform the needed work on the Platform. Further, Owner shall first obtain an obligation of confidentiality from such parties with regard to such Confidential Information on substantially the same terms and conditions as set forth herein, which obligation of confidentiality shall expressly be enforceable by and in the name of Builder. Such obligation of confidentiality by such parties shall further provide that all such Confidential Information in whatever form and all copies thereof shall be immediately returned by such parties upon the request of Owner or Builder.