Common use of Seller’s Confidentiality Clause in Contracts

Seller’s Confidentiality. Without prior consent of the Purchaser or the relevant Group Companies for a period of three years after the Closing Date, the Seller shall keep confidential and not disclose to any third party, any business or trade secrets of the Group Companies, other than those which have become publicly known through no fault of the Seller or which the Seller is required to disclose as necessary to comply with any legal requirements. Such confidentiality obligation shall be satisfied if the Seller exercises the same care with respect to such information as it would take to preserve the confidentiality of its own similar information.

Seller’s Confidentiality. Without prior consent of the Purchaser or the relevant Group Companies Company, for a period of three five (5) years after the Closing Date, the Seller shall keep confidential and not disclose to any third partyparty and not use, any business or trade secrets of the Group CompaniesCompany and the Business, other than those which have become publicly known through no fault of the Seller or which the Seller is required to disclose as necessary to comply with any legal requirements. Such confidentiality obligation The Seller shall be satisfied if procure that the Seller exercises other members of the same care Seller’s Group comply with respect to such information as it would take to preserve the confidentiality of its own similar informationforegoing obligation.

Seller’s Confidentiality. Without prior consent of the Purchaser or the relevant Group Companies Purchaser, for a period of three (3) years after the Closing Date, the Seller Sellers shall keep confidential and shall not disclose to any third partyparty and shall not use, any business company secret (Betriebsgeheimnis) or trade secrets secret (Geschäftsgeheimnis) of the Group Companies, the Operating Asset Holding Companies or the Business, other than those which have become publicly known through no fault of the Seller Sellers or which the Seller is Sellers are required to disclose as necessary to comply with any legal requirements. Such confidentiality obligation shall be satisfied if the Seller exercises the same care with respect to such information as it would take to preserve the confidentiality of its own similar information.