Common use of Prohibition on Use of Third Party Information Clause in Contracts

Prohibition on Use of Third Party Information. I represent and warrant and covenant that I will not disclose to the Company, or use in connection with my activities as an employee of the Company, or induce the Company to use, any proprietary or confidential information or trade secrets, or any other Technology that is the subject of Proprietary Rights, of myself or any third party at any time, including but not limited to any proprietary or confidential information or trade secrets or such Technology of any former employer, if any. I acknowledge and agree that any violation of this provision may be grounds for my termination and could subject me to substantial civil liabilities and criminal penalties. I further specifically and expressly acknowledge that no officer or other employee or representative of the Company has requested or instructed me to disclose or use any such third party proprietary or confidential information or trade secrets. Without limiting the generality of the foregoing, in the event that I disclose or use in connection with my activities as an employee of the Company, or induce the Company to use, any proprietary or confidential information or trade secrets, or any other Technology that is the subject of Proprietary Rights, with respect to which I have any right, title or interest, I hereby grant, and agree to grant, to the Company, without any limitations or any additional remuneration, the worldwide, non-exclusive, perpetual, irrevocable, transferable, freely sublicenseable, right and license under all such right, title and interest with respect thereto, including all Rights to Use.

Appears in 4 contracts

Samples: Executive Employment Agreement (Crdentia Corp), Employment Agreement (Crdentia Corp), Employment Agreement (Crdentia Corp)

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