Common use of Term of Obligation Clause in Contracts

Term of Obligation. 7.1 The Parties’ obligations concerning non- disclosure of Confidential Information contained in the above clauses shall commence on the Effective Date and shall continue for five (5) years from the date of each disclosure, unless otherwise agreed between the parties in writing, where after such obligations shall forthwith terminate.

Term of Obligation. 7.1 The Parties’ obligations concerning non- non-disclosure of Confidential Information contained in the above clauses shall commence on the Effective Date and shall continue for five (5) years from the date of each disclosure, unless otherwise agreed between the parties in writing, where after such obligations shall forthwith terminate.