Common use of Destruction of Confidential Information Clause in Contracts

Destruction of Confidential Information. Within [***] days after the termination of this Agreement, or at the written request of the Disclosing Party, the Receiving Party shall promptly destroy all documentary, electronic or other tangible embodiments of the Disclosing Party’s Confidential Information to which the Receiving Party does not retain rights hereunder and any and all copies thereof, and destroy those portions of any documents that incorporate or are derived from the Disclosing Party’s Confidential Information to which the Receiving Party does not retain rights hereunder, and provide a written certification of such destruction, except that the Receiving Party may retain one (1) copy thereof, to the extent that the Receiving Party requires such Confidential Information for the purpose of performing any obligations or exercising any rights under this Agreement that may survive such expiration or termination, or for archival or compliance purposes. Notwithstanding the foregoing, the Receiving Party also shall be permitted to retain such additional copies of or any computer records or files containing the Disclosing Party’s Confidential Information that have been created solely by the Receiving Party’s automatic archiving and back-up procedures, to the extent created and retained in a manner consistent with the Receiving Party’s standard archiving and back-up procedures, but not for any other use or purpose.

Appears in 2 contracts

Samples: Joint Development and License Agreement (Alto Neuroscience, Inc.), License Agreement (Alto Neuroscience, Inc.)

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Destruction of Confidential Information. Within [***] days after the termination of this Agreement, or at the written request of the Disclosing Party, the Receiving Party shall promptly destroy all documentary, electronic or other tangible embodiments of the Disclosing Party’s Confidential Information to which the Receiving Party does not retain rights hereunder and any and all copies thereof, and destroy those portions of any documents that incorporate or are derived from the Disclosing Party’s Confidential Information to which the Receiving Party does not retain rights hereunder, and provide a written certification of such destruction, except that the Receiving Party may retain one (1) copy thereof, to the extent that the Receiving Party requires such Confidential Information for the purpose of performing any obligations or exercising any rights under this Agreement that may survive such expiration or termination, or for archival or compliance purposes. Notwithstanding the foregoing, the Receiving Party also shall be permitted to retain such additional copies of or any computer records or files containing the Disclosing Party’s Confidential Information that have been created solely by the Receiving Party’s automatic archiving and back-up procedures, to the extent created and retained in a manner consistent with the Receiving Party’s standard archiving and back-up procedures, but not for any other use or purpose.

Appears in 2 contracts

Samples: License Agreement (Khosla Ventures Acquisition Co.), License Agreement (Khosla Ventures Acquisition Co.)

Destruction of Confidential Information. Within [***] days after Upon the effective date of the expiration or termination of this Agreement for any reason, the Parties shall, with respect to Confidential Information to which such other Party does not retain rights under the surviving provisions of this Agreement, or as soon as reasonably practicable, return (at the written request of the Disclosing disclosing Party) or destroy all copies of such Confidential Information in the possession of the other Party and confirm such destruction in writing to the other Party, the Receiving provided that such other Party shall promptly destroy all documentary, electronic or other tangible embodiments of the Disclosing Party’s Confidential Information be permitted to which the Receiving Party does not retain rights hereunder and any and all copies thereof, and destroy those portions of any documents that incorporate or are derived from the Disclosing Party’s Confidential Information to which the Receiving Party does not retain rights hereunder, and provide a written certification of such destruction, except that the Receiving Party may retain one (1) copy thereof, to the extent that the Receiving Party requires of such Confidential Information for the sole purpose of performing any continuing obligations or exercising any rights under this Agreement that may survive such expiration or terminationhereunder, as required by Applicable Law, or for archival or compliance purposes. Notwithstanding the foregoing, the Receiving such other Party also shall be permitted to retain such additional copies of or any computer records or files containing the Disclosing Party’s such Confidential Information that have been created solely by the Receiving such Party’s automatic archiving and back-up procedures, to the extent created and retained in a manner consistent with the Receiving such other Party’s standard archiving and back-up procedures, but not for any other use or purpose.

Appears in 1 contract

Samples: License Agreement (VYNE Therapeutics Inc.)

Destruction of Confidential Information. Within [***] days after Upon the expiration or earlier termination of this Agreement, or at the written request Receiving Party shall (i) destroy all tangible embodiments of Confidential Information of the Disclosing Party, the Receiving Party shall promptly destroy all documentaryincluding, electronic or other tangible embodiments of the Disclosing Party’s Confidential Information to which the Receiving Party does not retain rights hereunder and without limitation, any and all copies thereof, and destroy those portions of any documents that incorporate or are derived from the Disclosing Party’s Confidential Information to which documents, memoranda, notes, studies and analyses prepared by the Receiving Party does not retain rights hereunder, or its Recipients that contain or incorporate such Confidential Information and provide a written certification of such destructiondestruction to the Disclosing Party in a form reasonably acceptable to the Disclosing Party, except provided that the legal department of the Receiving Party may shall have the right to retain one copy of any such tangible embodiments for archival purposes (1) provided that such copy thereof, shall continue to be maintained on a confidential basis subject to the extent that the Receiving Party requires terms of this Agreement); and (ii) immediately cease, and shall cause its Recipients to cease, use of such Confidential Information for the purpose of performing as well as any obligations information or exercising any rights under this Agreement materials that may survive contain or incorporate such expiration or termination, or for archival or compliance purposesConfidential Information. Notwithstanding the foregoing, the Receiving Party also shall be permitted to retain such additional copies may keep and use any Confidential Information of or any computer records or files containing the Disclosing Party’s Confidential Information that have been created Party solely by the Receiving Party’s automatic archiving and back-up procedures, to the extent created and retained in a manner consistent with the Receiving Party’s standard archiving and back-up procedures, but not for any other use necessary or purposeuseful to exercise its rights and/or perform its obligations that survive such expiration or termination of this Agreement.

Appears in 1 contract

Samples: License Agreement (Albireo Pharma, Inc.)

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Destruction of Confidential Information. Within [***] days after the termination of this Agreement, or at At the written request of the Disclosing Party, the Receiving Party shall promptly destroy all documentary, electronic or other tangible embodiments of the Disclosing Party’s Confidential Information to which the Receiving Party does not retain rights hereunder and any and all copies thereof, and destroy those portions of any documents that incorporate or are derived from the Disclosing Party’s Confidential Information to which the Receiving Party does not retain rights hereunder, and provide a written certification of such destruction, except that the Receiving Party may retain one (1) copy thereof, to the extent that the Receiving Party requires such Confidential Information for the purpose of performing any obligations or exercising any rights under this Agreement that may survive such expiration or termination, or for archival or compliance purposes. Notwithstanding the foregoing, the Receiving Party also shall be permitted to retain such additional copies of or any computer records or files containing the Disclosing Party’s Confidential Information that have been created solely by the Receiving Party’s automatic archiving and back-up procedures, to the extent created and retained in a manner consistent with the Receiving Party’s standard archiving and back-up procedures, but not for any other use or purpose.

Appears in 1 contract

Samples: License Agreement (Global Blood Therapeutics, Inc.)

Destruction of Confidential Information. Within [***] days after the termination of this Agreement, or at the written request of the Disclosing Party, the Receiving Party shall promptly destroy all documentary, electronic or other tangible embodiments of the Disclosing Party’s Confidential Information to which the Receiving Party does not retain rights hereunder and any and all copies thereof, and destroy those portions of any documents that incorporate or are derived from the Disclosing Party’s Confidential Information to which the Receiving Party does not retain rights hereunder, and provide a written certification of such destruction, except that the Receiving Party may retain one (1) copy thereof, to the extent that the Receiving Party requires such Confidential Information for the purpose of performing any obligations or exercising any rights under this Agreement that may survive such expiration or termination, pursuant to Applicable Law or for archival or compliance purposes. Notwithstanding the foregoing, the Receiving Party also shall be permitted to retain such additional copies of or any computer records or files containing the Disclosing Party’s Confidential Information that have been created solely by the Receiving Party’s automatic archiving and back-up procedures, to the extent created and retained in a manner consistent with the Receiving Party’s standard archiving and back-up procedures, but not for any other use or purpose.

Appears in 1 contract

Samples: License Agreement (First Wave BioPharma, Inc.)

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