Common use of Use and Disclosure of Personal Information Clause in Contracts

Use and Disclosure of Personal Information. The Purchaser covenants and agrees that personal information (within the meaning attributed thereto in applicable legislation) of or with respect to the customers, suppliers and/or employees of the Vendor, which the Purchaser acquires or otherwise becomes apprised of as a result of this transaction of purchase and sale shall only be used, disclosed or dealt with for the same purposes for which such information was collected, used or disclosed by the Vendor, as the case may be, and the Purchaser covenants and agrees to notify the employees, customers and suppliers of the Vendor whose personal information is disclosed to the Purchaser in connection with this transaction, within a reasonable time after the Closing Date, that: (a) this transaction of purchase and sale has occurred; and (b) the personal information about them has been disclosed to the Purchaser.