Common use of Nondisclosure and Nonuse Obligations Clause in Contracts

Nondisclosure and Nonuse Obligations. Vendor and Participant each agrees that it will not disseminate, distribute, expose, or in any way disclose any Confidential Information of MLS GRID to any third party, except as expressly provided in this Agreement. Vendor and Participant, as applicable, may use MLS GRID’s Confidential Information solely to the extent necessary to perform its obligations or exercise its rights under this Agreement. Vendor’s and Participant’s, as applicable, employees and agents may use Confidential Information only for the specific business purpose for which it was made available and not for any other purpose, including any purpose that may compete with MLS GRID. Vendor and Participant each agrees that it will treat all Confidential Information with the same degree of care as it accords its own Confidential Information, but in no event less than reasonable care. Vendor and Participant each agrees that it shall disclose Confidential Information only to those of its employees and agents who need to know such information and that have previously agreed to be bound by terms and conditions of non-disclosure at least as stringent as those set forth in this Agreement. Vendor and Participant each shall immediately give notice to MLS GRID of any unauthorized use or disclosure of MLS GRID’s Confidential Information of which it becomes aware. At Vendor’s and Participant’s sole cost and expense, Vendor and Participant each agrees to assist MLS GRID in remedying any such unauthorized use or disclosure of MLS GRID’s Confidential Information.