Common use of Protection and Use Clause in Contracts

Protection and Use. Each party will use a reasonable degree of care to maintain all Confidential Information of the other party in trust and confidence and will neither disclose to any third party nor use any Confidential Information of the other party for any unauthorized purpose or without the other party's express prior written consent. Each party may only disclose Confidential Information of the other party to those of recipient’s employees and representatives on a need-to-know basis and only to those employees and representatives who have signed a non-use and non-disclosure agreement in content at least as protective as the provisions hereof, and may use such Confidential Information only to the extent required to accomplish the Purpose. Confidential Information may not be used for any purpose or in any manner that would constitute a violation of any laws or regulations, including, without limitation, the export control laws of the United States. No rights or licenses to intellectual property in Confidential Information is granted by either party under this Agreement, whether express, implied or otherwise. All Confidential Information will remain the property of the disclosing party (and its licensors, if any). All Confidential Information disclosed under this Agreement is provided on an “AS IS” basis. ALL WARRANTIES, CONDITIONS AND REPRESENTATIONS, EXPRESS OR IMPLIED, WRITTEN OR ORAL, ARE HEREBY DISCLAIMED, INCLUDING, WITHOUT LIMITATION, WARRANTIES OR CONDITIONS OF MERCHANTABILITY, SATISFACTORY QUALITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NONINFRINGEMENT, AND THOSE ARISING BY STATUTE OR FROM A COURSE OF DEALING OR USAGE FOR TRADE.

Appears in 4 contracts

Samples: Mutual Nondisclosure Agreement, Mutual Nondisclosure Agreement, Mutual Nondisclosure Agreement

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