Common use of Nondisclosure and Nonuse Clause in Contracts

Nondisclosure and Nonuse. Each party shall treat Confidential Information as strictly confidential and use the same care a reasonable person would under similar circumstances. The parties agree not to use such Confidential Information except for the purposes set forth in the Agreement and shall disclose such Confidential Information only to those directors, officers, employees and agents of such party (a) whose duties justify their need to know such information, and (b) who have been informed of their obligation to maintain the confidential status of such Confidential Information. The receiving party will promptly notify the disclosing party if the receiving party learns of any unauthorized possession, use or disclosure of the Confidential Information and will provide such cooperation as the disclosing party may reasonably request, at the disclosing party’s expense, in any litigation against any third parties to protect the disclosing party’s rights with respect to the Confidential Information.

Appears in 24 contracts

Samples: Blackboard® Master Agreement, Blackboard® Master Agreement, Blackboard® Master Agreement

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Nondisclosure and Nonuse. Each party shall treat receiving Confidential Information as strictly confidential and use the same care a reasonable person would under similar circumstances. The parties agree agrees not to use such Confidential Information except for the purposes set forth in the Agreement Agreement, and pursuant to such use shall disclose such Confidential Information only to those directors, officers, employees and agents of such party (a) whose duties justify their need to know such information, and (b) who have been informed of their obligation to maintain the confidential status of such Confidential Information. The Each Party receiving party will promptly notify Confidential Information shall treat such information as strictly confidential, and shall use the disclosing party if the receiving party learns of any unauthorized possession, use or same care to prevent disclosure of the Confidential Information and will provide such cooperation information as the disclosing such party may reasonably request, at the disclosing party’s expense, in any litigation against any third parties to protect the disclosing party’s rights uses with respect to its own confidential and proprietary information, provided that in any case it shall not use less than the care a reasonable person would use under similar circumstances. Each party acknowledges that it has all requisite authority under Laws to provide the other party with access to Confidential Information.

Appears in 5 contracts

Samples: Blackboard® Master Agreement, Blackboard® Master Agreement, Blackboard® Master Agreement

Nondisclosure and Nonuse. Each party shall treat Party receiving Confidential Information as strictly confidential and use the same care a reasonable person would under similar circumstances. The parties agree agrees not to use such Confidential Information except for the purposes set forth in the Agreement this Agreement, and pursuant to such use shall disclose such Confidential Information only to those directors, officers, employees and agents of such party Party (a) whose duties justify their need to know such information, and (b) who have been clearly informed of their obligation to maintain the confidential confidential, proprietary and/or trade secret status of such Confidential Information. The Each Party receiving party will promptly notify Confidential Information shall treat such information as strictly confidential, and shall use the disclosing party if the receiving party learns of any unauthorized possession, use or same care to prevent disclosure of the Confidential Information and will provide such cooperation information as the disclosing party may reasonably request, at the disclosing party’s expense, in any litigation against any third parties to protect the disclosing party’s rights such Party uses with respect to its own confidential and proprietary information, provided that in any case it shall not use less than the care a reasonable person would use under similar circumstances. Each Party acknowledges that it has all requisite authority under applicable laws to provide the other Party with access to Confidential Information.

Appears in 4 contracts

Samples: Master Agreement, Master Agreement (Laureate Education, Inc.), Blackboard Master Agreement

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Nondisclosure and Nonuse. Each party shall treat Confidential Information as strictly confidential and use the same care a reasonable person would under similar circumstances. The parties agree not to use such Confidential Information except for the purposes set forth in the Agreement and shall disclose such Confidential Information only to those directors, officers, employees and agents of such party (a) whose duties justify their need to know such information, and (b) who have been informed of their obligation to maintain the confidential status of such Confidential Information. The receiving party will promptly notify the disclosing party if the receiving party learns of any unauthorized possession, use or disclosure of the Confidential Information and will provide such cooperation as the disclosing party may reasonably request, at the disclosing party’s 's expense, in any litigation against any third parties to protect the disclosing party’s 's rights with respect to the Confidential Information.

Appears in 1 contract

Samples: Sarah Sarah Reynolds

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