Common use of Confidentiality of Information and Data Clause in Contracts

Confidentiality of Information and Data. 22 .1.1 Each Party agrees that all information and data of a technical, geological or commercial nature, acquired or obtained from and/or related to Petroleum Operations on or after the Effective Date and not (i) in the public domain; (ii) already known to each Party or its respective Affiliates as of the Effective Date; (iii) acquired independently from a third party who has the right to disseminate such information at the time it is acquired by either Party or an Affiliate of such Party; (iv) developed by a Party or is respective Affiliates wholly independently of the information and data received from a disclosing party; or (v) otherwise legally in the possession of such Party without restriction on disclosure, shall be considered and kept confidential (subject to Contractor’s right to use and to trade such data and information in accordance with this Article 22), and shall not be disclosed, sold, offered to any third party or published, except:

Confidentiality of Information and Data. 22 23 .1.1 Each Party agrees that all information and data of a technical, geological or commercial nature, acquired or obtained from and/or related to Petroleum Operations on or after the Effective Date and not (i) in the public domain; (ii) already known to each Party or its respective Affiliates as of the Effective Date; (iii) acquired independently from a third party who has the right to disseminate such information at the time it is acquired by either Party or an Affiliate of such Party; (iv) developed by a Party or is its respective Affiliates wholly independently of the information and data received from a disclosing party; or (v) otherwise legally in the possession of such Party or its respective Affiliates without restriction on disclosure, shall be considered and kept confidential (the “Confidential Information”) (subject to Contractor’s 's right to use and to trade such data and information in accordance with this Article 2223), and shall not be disclosed, sold, offered to any third party or published, except: