Common use of Use and Protection Clause in Contracts

Use and Protection. Each party agrees that it has no interest in or right to use the Proprietary or Confidential Information of the other, except in accordance with the terms of this Agreement. The party receiving the Proprietary or Confidential Information will: (i) maintain it in strict confidence and take all reasonable steps to prevent its disclosure to third parties, except to the extent necessary to carry out the purposes of this Agreement, in which case consent will be obtained from the other party and these confidentiality restrictions will be imposed on third parties to whom such disclosures are made; (ii) use at least the same degree of care as it uses in maintaining the secrecy of its own Proprietary or Confidential Information (but no less than a reasonable degree of care); and (iii) prevent the removal of any proprietary, confidential, or copyright notices placed on the Proprietary or Confidential Information.