Common use of Ongoing Obligation for Confidentiality Clause in Contracts

Ongoing Obligation for Confidentiality. Upon early termination of this Agreement for any reason, each Party and its Affiliates shall immediately (a) return to the other Party or destroy any Information supplied or disclosed by the other Party together with all hard copies thereof, except for (i) such copies as must be retained pursuant to applicable Law, and (ii) one copy which may be retained in its confidential files for archive purposes; (b) destroy all notes and all summaries or extracts in any medium prepared by or on behalf of recipient derived from this Information; and (c) use all best efforts to procure that all third parties, to which this Information was disclosed, destroy or erase any Information contained in any materials and documentation recorded in any memory device.

Appears in 2 contracts

Samples: License Agreement (Oculis Holding AG), License Agreement (NLS Pharmaceutics Ltd.)

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Ongoing Obligation for Confidentiality. Upon early termination of this License Agreement for any reason, each Party and its Affiliates shall immediately (ai) return to the other Party or destroy any Information supplied or disclosed by the other Party together with all hard copies thereof, except for (iA) such copies as must be retained pursuant to applicable Law, and (iiB) one copy which may be retained in its confidential files for archive purposes; , (bii) destroy all notes and all summaries or extracts in any medium prepared by or on behalf of recipient derived from this Information; , and (ciii) use all best reasonable efforts to procure that all third parties, to which this Information was disclosed, destroy or erase any Information contained in any materials and documentation recorded in any memory device.

Appears in 2 contracts

Samples: License Agreement (Allarity Therapeutics, Inc.), License Agreement (Allarity Therapeutics, Inc.)

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Ongoing Obligation for Confidentiality. Upon early termination of this License Agreement for any reason, each Party and its Affiliates shall immediately (ai) return to the other Party or destroy any Information supplied or disclosed by the other Party together with all hard copies thereof, except for (iA) such copies as must be retained pursuant to applicable Law, and (iiB) one copy which may be retained in its confidential files for archive purposes; , (bii) destroy all notes and all summaries or extracts in any medium prepared by or on behalf of recipient derived from this Information; , and (ciii) use all best reasonable efforts to procure that all third partiesThird Parties, to which this Information was disclosed, destroy or erase any Information contained in any materials and documentation recorded in any memory device.

Appears in 1 contract

Samples: License Agreement (Adlai Nortye Ltd.)

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