Common use of Maintenance of Proprietary Information Clause in Contracts

Maintenance of Proprietary Information. The Company shall maintain all Proprietary Information, and all applications and registrations therefor owned or held by the Company, in full force and effect, except as otherwise determined in the ordinary course of business. The Company shall not encumber or license others to use the Proprietary Information owned by it except in the ordinary course of the Company's business and shall maintain the confidentiality and trade secret status of all Proprietary Information that is confidential except where disclosure is necessary to obtain copyright registrations or patents, or is necessary or desirable in the ordinary course of the Company's business. The Company shall cause each key management employee of the Company and each Consultant to enter into confidentiality agreements in a form approved in writing by the Buyer within 30 days of the Closing. The Company shall consult with the Buyer and shall take such actions in accordance with the Buyer's advice as may be necessary or desirable to protect and enhance the Proprietary Information of the Company.