Common use of Confidentiality of Business Information Clause in Contracts

Confidentiality of Business Information. Health Plan, Provider and Practitioner agree to hold all confidential or proprietary information or trade secrets of each other in trust and confidence and agree that such information shall be used only for the purposes contemplated by this Agreement. The parties shall keep strictly confidential all compensation arrangements set forth in this Agreement, except as otherwise required by law. However, Health Plan may disclose Confidential Information as defined in this subsection to a customer for purpose of audit and health plan administration so long as the customer agrees to restrict its use of information to these purposes and agrees not to further disclose the information. Furthermore, this section shall not be construed to restrict Health Plan from sharing all such information with BCBSM and its subsidiaries.

Confidentiality of Business Information. Health Plan, Plan and Provider and Practitioner agree to hold all confidential or proprietary information or trade secrets of each other in trust and confidence and agree that such information shall be used only for the purposes contemplated by this Agreement. The parties shall keep strictly confidential all compensation arrangements set forth in this Agreement, except as otherwise required by law. However, Health Plan may disclose Confidential Information as defined in this subsection to a customer for purpose of audit and health plan administration so long as the customer agrees to restrict its use of information to these purposes and agrees not to further disclose the information. Furthermore, this section shall not be construed to restrict Health Plan from sharing all such information with BCBSM and its subsidiaries.