Common use of Patent and Trade Secret Protection Clause in Contracts

Patent and Trade Secret Protection. In the event of concern over patent protection or whether maintaining a trade secret would be a priority, the Publishing Party agrees not to submit such publication or to make such presentation that contains such information until the Reviewing Party is given a reasonable period of time, and in no event less than [**] days, to seek patent protection for any material in such publication or presentation which it believes is patentable or to resolve any other issues or to abandon such proposed publication or presentation if the Reviewing Party reasonably determines in good faith that maintaining such information as a trade secret is a commercially-reasonable priority.

Patent and Trade Secret Protection. In the event of concern by the Reviewing Party over patent protection or whether maintaining a trade secret would be a priority, the Publishing Party agrees not to submit such publication or to make such presentation that contains such information until the Reviewing Party that owns the trade secret is given a reasonable period of time, and in no event less than [***] days, to seek patent protection for any material in such publication or presentation which it believes is patentable or with the Party owning such trade secret also retaining the final decision to resolve any other issues or to instead abandon such proposed publication or presentation if the Reviewing Party reasonably determines in good faith that maintaining and maintain such information as a trade secret is a commercially-reasonable prioritysecret. Any Confidential Information of the Reviewing Party shall, if requested by the Reviewing Party, be removed.