Common use of Treatment of Confidential Information upon Termination Clause in Contracts

Treatment of Confidential Information upon Termination. Following termination of this Agreement, if requested by the Discloser in writing, the Recipient shall immediately destroy any and all Confidential Information received and any and all copies or records of any Confidential Information in its or its Representatives’ possession or control, to the extent such Confidential Information is no longer required by the Recipient in order to perform its obligations hereunder. The Recipient will not be obligated to destroy any Confidential Information that is retained for back-up or archiving purposes, in accordance with a document retention policy, or that the Recipient, in the opinion of its counsel, is legally compelled to keep and store (e.g. for the administration of in force business).

Appears in 4 contracts

Samples: Reinsurance Agreement (Nationwide Vli Separate Account 4), Reinsurance Agreement (Nationwide Vli Separate Account 4), Reinsurance Agreement (Nationwide Vli Separate Account 4)

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