Common use of Non-Disclosure Obligation Clause in Contracts

Non-Disclosure Obligation. Except as otherwise may be permitted by this GTC, neither party shall disclose any Confidential Information of the other party to any third party without the express prior written consent of the other party; provided, however, that either party may disclose appropriate portions of Confidential Information of the other party to those of its employees, contractors, agents, and professional advisors having a substantial need to know the specific information in question in connection with such party’s exercise of rights or performance of obligations under this GTC provided that all such persons (i) have been instructed that such Confidential Information is subject to the obligation of confidence set forth by this GTC and (ii) are bound either by contract, employment policies, or fiduciary or professional ethical obligation to maintain such information in confidence.