Common use of Return of Confidential Information and Proprietary Materials Clause in Contracts

Return of Confidential Information and Proprietary Materials. Upon the termination of this Agreement, at the request of the Furnishing Party, the Receiving Party shall return to the Furnishing Party all originals, copies, and summaries of documents, materials, and other tangible manifestations of the Furnishing Party's Confidential Information in the possession or control of the Receiving Party, except that the Receiving Party may retain one (1) copy of the Furnishing Party's Confidential Information in the possession of its legal counsel solely for the purpose of monitoring its obligations under this Agreement. Upon the termination of this Agreement, the Recipient shall at the instruction of the Transferor either destroy or return any unused Proprietary Materials of the Transferor.

Appears in 2 contracts

Samples: Development and License Agreement (Arqule Inc), Development and License Agreement (Arqule Inc)

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Return of Confidential Information and Proprietary Materials. Upon the termination of this Agreement, at the request of the Furnishing Disclosing Party, the Receiving Party shall destroy or return to the Furnishing Disclosing Party all originals, copies, and summaries of documents, materials, and other tangible manifestations of the Furnishing Party's Confidential Information in the possession or control of the Receiving Party, except that the Receiving Party may retain one (1) copy of the Furnishing Party's Confidential Information in the possession of its legal counsel (for ArQule) and its Legal and Trademarks Department (for Solvay) solely for the purpose of monitoring its obligations under this Agreement. Upon the termination of this Agreement, the Recipient Receiving Party shall at the instruction of the Transferor Transferring Party either destroy or return any unused Proprietary Materials of the TransferorMaterials.

Appears in 2 contracts

Samples: Research, Development and License Agreement (Arqule Inc), Development and License Agreement (Arqule Inc)

Return of Confidential Information and Proprietary Materials. Upon the termination of this Agreement, at the request of the Furnishing Party, Disclosing Party the Receiving Party shall return to the Furnishing Disclosing Party all originals, copies, and summaries of documents, materials, and other tangible manifestations of the Furnishing Party's Confidential Information in the possession or control of the Receiving Party, except that the Receiving Party may retain one (1) copy of the Furnishing Party's Confidential Information in the possession of its legal counsel solely for the purpose of monitoring its obligations under this Agreement. Upon the termination of this Agreement, the Recipient Receiving Party shall at the instruction of the Transferor Transferring Party either destroy or return any unused Proprietary Materials of the TransferorMaterials.

Appears in 1 contract

Samples: Option Agreement (Arqule Inc)

Return of Confidential Information and Proprietary Materials. Upon the termination of this Agreement, at the request of the Furnishing Disclosing Party, the Receiving Party shall destroy or return to the Furnishing Disclosing Party all originals, copies, and summaries of documents, materials, and other tangible manifestations of the Furnishing Party's Confidential Information in the possession or control of the Receiving Party, except that the Receiving Party may retain one (1) copy of the Furnishing Party's Confidential Information in the possession of its legal counsel (for ArQule) and its Legal and Trademarks Department (for Solvay Duphar) solely for the purpose of monitoring its obligations under this Agreement. Upon the termination of this Agreement, the Recipient Receiving Party shall at the instruction of the Transferor Transferring Party either destroy or return any unused Proprietary Materials of the TransferorMaterials.

Appears in 1 contract

Samples: Development and License Agreement (Arqule Inc)

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Return of Confidential Information and Proprietary Materials. Upon the termination of this Agreement, at the request of the Furnishing Party, the Receiving Party shall return to the Furnishing Party all originals, copies, and summaries of documents, materials, and other tangible manifestations of the Furnishing Party's ’s Confidential Information in the possession or control of the Receiving Party, except that the Receiving Party may retain one (1) copy of the Furnishing Party's ’s Confidential Information in the possession of its legal counsel solely for the purpose of monitoring its obligations under this Agreement. Upon the termination of this Agreement, the Recipient shall at the instruction of the Transferor either destroy or return any unused Proprietary Materials of the Transferor.

Appears in 1 contract

Samples: Agreement (Arqule Inc)

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