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Common use of Inadvertent Disclosure Clause in Contracts

Inadvertent Disclosure. A Party is not liable for any inadvertent disclosure of Acquired Information, but each Party must use reasonable efforts not to disclose Acquired Information. If a Party realizes that one party has inadvertently disclosed any Acquired Information to a third party, the Parties promptly must confer as to what course of action is appropriate under the circumstances. On written request, the Party that made the inadvertent disclosure must: 1. promptly notify the third party that an inadvertent disclosure had been made of confidential materials; and 2. request the third party promptly to return all copies of the disclosed Acquired Information.

Appears in 4 contracts

Samples: Membership Agreement, Membership Agreement, Membership Agreement

Inadvertent Disclosure. A Party is not liable for any inadvertent disclosure of Acquired Information, but each Party must use reasonable efforts not to disclose Acquired Information. If a Party realizes that one party it or the other Party has inadvertently disclosed any Acquired Information to a third party, the Parties promptly must confer as to what course of action is appropriate under the circumstances. On written request, the The Party that made the inadvertent disclosure must: 1. promptly notify the third party that an inadvertent disclosure had been made of confidential materials; and 2. request the third party promptly to return all copies of the disclosed Acquired Information.

Appears in 3 contracts

Samples: Membership Agreement, Membership Agreement, Membership Agreement