INFORMATION/ANNOUNCEMENTS Clause Samples

INFORMATION/ANNOUNCEMENTS. 12.1 Upon execution of this Agreement, and thereafter during the term hereof, at such times as the parties shall mutually agree, each party may disclose to the others, in confidence Confidential Information necessary or useful to the activities contemplated by this Agreement. Except as specifically authorised or permitted by this Agreement, each party shall, for the term of this Agreement and for 7 years after its expiration or termination keep confidential and not disclose to others (except its Affiliates), and use only as permitted hereunder, all of the Confidential Information owned by the other parties. For the avoidance of doubt, the parties acknowledge that all Confidential Information relating to the Developer Intellectual Property shall upon execution of this Agreement be the absolute property of Amarin. 12.2 Save as otherwise specifically provided herein, each party shall disclose Confidential Information of the other parties only to those employees, representatives and agents requiring knowledge thereof in connection with fulfilling the party’s obligations under this Agreement. Each party further agrees to (i) inform all such employees, representatives and agents of the terms and provisions of this Agreement relating to Confidential Information and their duties hereunder, and (ii) obtain their agreement hereto as a condition of receiving Confidential Information, provided that such agreement shall be deemed given in respect of such employees, representatives and agents that, at the time of disclosure, are under existing obligations of confidentiality no less onerous than those contained herein covering such 11 disclosure. Each party shall exercise the same standard of care as it would itself exercise in relation to its own confidential information (but in no event less than a reasonable standard of care) to protect and preserve the proprietary and confidential nature of the Confidential Information disclosed to it by the other parties. 12.3 Notwithstanding the provisions of this Clause 12, Confidential Information may be: 12.3.1 published if and to the extent such publication has been approved in writing by each of the parties; or 12.3.2 disclosed to the extent required by applicable laws or regulations or as ordered by a court or other regulatory body having competent jurisdiction, provided that if a party becomes legally required to disclose any Confidential Information of the other party hereunder, the receiving party shall give the disclosing...