Common use of Confidentiality and Nondisclosure of Proprietary Information Clause in Contracts

Confidentiality and Nondisclosure of Proprietary Information. 3.3.1 During the performance of this Agreement, one Party (“the Disclosing Party”) may exchange information which may be of a proprietary or confidential nature to the other Party (“the Receiving Party”), such as information concerning inventions, techniques, processes, devices, discoveries and improvements, or regarding administrative, marketing, financial or manufacturing activities (“Information”). All such Information, in any form, including without limitation, oral, written graphic, demonstrative, machine recognizable or sample form, shall be considered proprietary and confidential Information of the Disclosing Party shall be retained in confidence and shall not be disclosed or caused or permitted to be disclosed directly or indirectly to any third party without the prior written approval of the Disclosing Party, and shall not be used by the Receiving Party for any reason other than the performance of its duties under this Agreement. The Receiving Party further agrees that any material or data generated by the Receiving Party, based in whole or in part on Information disclosed by the Disclosing Party, shall also be retained in confidence.

Appears in 4 contracts

Samples: Strategic Cooperation Agreement, Strategic Cooperation Agreement, Strategic Cooperation Agreement (WorldSpace, Inc)

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Confidentiality and Nondisclosure of Proprietary Information. 3.3.1 6.1 During the performance of this Agreement, one Party ("the Disclosing ---------- Party") may exchange information which may be of a proprietary or confidential ----- nature to the other Party ("the Receiving Party"), such as information --------------- concerning inventions, techniques, processes, devices, discoveries and improvements, or regarding administrative, marketing, financial or manufacturing activities ("Information"). All such Information, in any form, including without ----------- limitation, oral, written graphic, demonstrative, machine recognizable or sample form, shall be considered proprietary and confidential Information of the Disclosing Party Party, shall be retained in confidence and shall not be disclosed or caused or permitted to be disclosed directly or indirectly to any third party without the prior written approval of the Disclosing Party, and shall not be used by the Receiving Party for any reason other than the performance of its duties under this Agreement. The Receiving Party further agrees that any material or data generated by the Receiving Party, based in whole or in part on Information disclosed by the Disclosing Party, Party shall also be retained in confidence.

Appears in 1 contract

Samples: Distribution Agreement (Xm Satellite Radio Holdings Inc)

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