Common use of Proprietary Data Clause in Contracts

Proprietary Data. The parties will exercise reasonable effort to maintain in confidence proprietary or trade-secret information disclosed or submitted to the other party that is designated in writing as confidential information at the time of disclosure (Confidential Information). Confidential Information does not include information which: is available in the public domain or becomes available to the public through no act of the receiving party; or is independently known prior to receipt thereof or is discovered independently by an employee of the receiving party who had no access to the information supplied by the disclosing party under this Agreement; or is made available to the receiving party as a matter of lawful right by a third party; or is required to be disclosed by applicable law. Both parties retain the right to refuse to accept Confidential Information that is not considered to be essential to the completion of the Research Project. The obligations under this paragraph shall survive and continue for one (1) year after this Agreement ends.

Proprietary Data. The parties will exercise reasonable effort to maintain in confidence proprietary or trade-secret information disclosed or submitted to the other party that is designated in writing as confidential information at the time of disclosure (Confidential Information). Confidential Information does not include information which: is available in the public domain or becomes available to the public through no act of the receiving party; or is independently known prior to receipt thereof or is discovered independently by an employee of the receiving party who had no access to the information supplied by the disclosing party under this Agreement; or is made available to the receiving party as a matter of lawful right by a third party; or is required to be disclosed by applicable law. Both parties retain The University retains the right to refuse to accept Confidential Information that is not considered to be essential to the completion of the Research Project. The obligations under this paragraph shall survive and continue for one (1) year after this Agreement ends.