Common use of Treatment of Proprietary Information Clause in Contracts

Treatment of Proprietary Information. The Franchising Authority agrees to treat as confidential, to the maximum extent allowed under the Tennessee Open Records Act (T.C.A. § 10-7-501, et seq.) or other applicable law, any requested documents submitted by the Company to the Franchising Authority that are labeled as “Confidential” or “Trade Secret” prior to submission. In the event that any documents submitted by the Company to the Franchising Authority are subject to a request for inspection or production, including but not limited to a request under the Tennessee Open Records Act, the Franchising Authority shall notify the Company of the request as soon as practicable and in any case prior to the release of such information, by email or facsimile to the addresses provided in Section 10.6 of this Agreement, so that the Company may take appropriate steps to protect its interests in the requested records, including seeking an injunction against the release of the requested records. Upon receipt of said notice, the Company may review the requested records in the Franchising Authority’s possession and designate as “Confidential” or “Trade Secret” any additional portions of the requested records that contain confidential or proprietary information.

Treatment of Proprietary Information. The Franchising Authority agrees to treat as confidential, to the maximum extent allowed under the Tennessee Open Records Act (T.C.A. § 10-10- 7-501, et seq.) or other applicable law, any requested documents submitted by the Company to the Franchising Authority that are labeled as “Confidential” or “Trade Secret” prior to submission. In the event that any documents submitted by the Company to the Franchising Authority are subject to a request for inspection or production, including but not limited to a request under the Tennessee Open Records Act, the Franchising Authority shall notify the Company of the request as soon as practicable and in any case prior to the release of such information, by email or facsimile to the addresses provided in Section 10.6 9.6 of this Agreement, so that the Company may take appropriate steps to protect its interests in the requested records, including seeking an injunction against the release of the requested records. Upon receipt of said notice, the Company may review the requested records in the Franchising Authority’s possession and designate as “Confidential” or “Trade Secret” any additional portions of the requested records that contain confidential or proprietary information.