Common use of Secrecy and Nondisclosure Clause in Contracts

Secrecy and Nondisclosure. The Employee agrees to treat as secret and confidential all the processes, methods, formulas, procedures, techniques, software, designs, data, drawings and other information which are not of public knowledge or record pertaining at any time to the Company's Business of which the Employee becomes aware. The Employee agrees not to disclose, use, publish, or in any other manner reveal, directly or indirectly, at any time during or after the term of this Agreement, without the prior written consent of the Company in each instance, any such process, methods, formulas, procedures, techniques, software, designs, data, drawings and other information pertaining at any time to the Company's Business. The Company undertakes to establish a policy or general guidelines relating to the publication of scientific contributions by its employees which is intended to encourage such publication and, at the same time, provide for the Company with adequate protection of its intellectual property and proprietary rights. For the removal of doubt, the Employee shall, prior to releasing any scientific or like publication relating to the Company's proprietary information, present such proposed publication materials to the Company's Chief Executive Officer or any other person designated for such purpose by the Company's Chief Executive Officer for his/her approval for such publication. For the purposes of this Section 9, the Company's proprietary information shall include but not be limited to information, in any form, obtained by the Employee for and on behalf of the Company in the fulfillment of his duties hereunder.

Appears in 2 contracts

Samples: Escrow Agreement (EPIX Pharmaceuticals, Inc.), Escrow Agreement (Predix Pharmaceuticals Holdings Inc)

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Secrecy and Nondisclosure. The Employee agrees to treat as secret and confidential all of the processes, methods, formulas, procedures, techniques, software, designs, data, drawings and other information which are not of public knowledge or record pertaining at any time to the Company's Business of which the Employee becomes aware. The Employee agrees not to disclose, use, publish, or in any other manner reveal, directly or indirectly, at any time during or after the term of this Agreement, without the prior written consent of the Company in each instance, any such processprocesses, methods, formulas, procedures, techniques, software, designs, data, drawings and other information pertaining at any time to the Company's Business. The Company undertakes to establish a policy or general guidelines relating to the publication of scientific contributions by its employees which is intended to encourage such publication and, at the same time, provide for the Company with adequate protection of its intellectual property and proprietary rights. For the removal of doubt, the Employee shall, prior to releasing any scientific or like publication relating to the Company's proprietary information, present such proposed publication materials to the Company's Chief Executive Officer or any other person designated for such purpose by the Company's Chief Executive Officer for his/her approval for such publication. For the purposes of this Section 9, the Company's proprietary information shall include but not be limited to information, in any form, obtained by the Employee for and on behalf of the Company in the fulfillment of his duties hereunder.

Appears in 2 contracts

Samples: Escrow Agreement (EPIX Pharmaceuticals, Inc.), Employment Agreement (Predix Pharmaceuticals Holdings Inc)

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