Common use of Confidentiality; Data Security and Privacy Clause in Contracts

Confidentiality; Data Security and Privacy. (a) Each party hereto will maintain in strict confidence all Confidential Information received from the other party. Each party agrees that it will not use, disclose to any third Person or grant use of such Confidential Information except to the extent required to receive or provide the Services or as otherwise authorized in advance by the other party in writing. Each party agrees to use at least the same standard of care as it uses to protect its own confidential information of a similar nature to ensure that its employees do not disclose or make any unauthorized use of such Confidential Information, but in no case less than a reasonable standard of care. Each party will disclose the other party’s Confidential Information only to those of such party’s employees, consultants and contractors who need to know such information to assist the party in receiving or performing the Services. Each party will promptly notify the other party upon discovery of any unauthorized use or disclosure of such party’s Confidential Information.

Appears in 4 contracts

Samples: Shared Services Agreement, Shared Services Agreement (MPM Holdings Inc.), Shared Services Agreement (Momentive Specialty Chemicals Inc.)

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