Common use of Non-use and Nondisclosure Clause in Contracts

Non-use and Nondisclosure. Each party agrees not to use any Confidential Information of the other party for any purpose except to evaluate and engage in discussions with the other party concerning a potential business relationship between the parties. Each party agrees not to disclose any Confidential Information of the other party to third parties or to such party’s employees or professional advisors, except, subject to Section 4 of this Agreement, to those employees and professional advisors of the receiving party who are required to have the information to evaluate or engage in discussions concerning the contemplated business relationship. If either party or their respective directors, officers, employees, consultants or agents are requested or required by legal process to disclose any of the Confidential Information of the other party, the party required to make such disclosure shall give prompt notice to the other party so that such other party may seek a protective order or other appropriate relief. If a protective order or other relief is not obtained, the party required to make such disclosure shall disclose only that portion of the Confidential Information which its counsel advises that it is legally required to disclose.

Non-use and Nondisclosure. Each party agrees not to use any Confidential Information of the other party for any purpose except to evaluate and engage in discussions with the other party concerning a potential business relationship between the parties. Each party agrees not to disclose any Confidential Information of the other party to third parties or to such party’s employees or professional advisors, except, subject to Section 4 of this Agreement, to those employees and professional profession al advisors of the receiving party who are required to have the information to evaluate or engage in discussions concerning the contemplated business relationship. If either party or their respective directors, officers, employees, consultants or agents are requested or required by legal process to disclose any of the Confidential Information of the other party, the party required to make such disclosure shall give prompt notice to the other party so that such other party may seek a protective order or other appropriate relief. If a protective order or other relief is not obtained, the party required to make such disclosure shall disclose only that portion of the Confidential Information which its counsel advises that it is legally required to disclose.