Common use of Use; Disclosure Clause in Contracts

Use; Disclosure. During this the Term and for a period of two (2) years thereafter, each party shall use no less than reasonable care to protect the confidentiality of the other party’s Confidential Information. Neither party may disclose the other party’s Confidential Information to any third party, except as may be required: (1) to implement, perform and enforce the terms of this Agreement; (2) by applicable law; or (3) under appropriate nondisclosure terms to auditors, accounting, financial and legal advisers, or to an existing or potential investor, acquiring company, bank or other financial institution in connection with a merger, acquisition, financing, loan or similar corporate transaction. In no event may the Confidential Information of disclosing party be disclosed to its competitor. The parties acknowledge that they may have in development similar solutions and that nothing in this Agreement is intended to prevent either party from independently developing, offering, supporting and providing similar solutions, provided it is done without use of or reference to the other party’s Confidential Information.

Use; Disclosure. During this the Term and for a period of two (2) years thereafter, each party Party shall use no less than reasonable care to protect the confidentiality of the other partyParty’s Confidential Information. Neither party Party may disclose the other partyParty’s Confidential Information to any third party, except as may be required: (1) to implement, perform and enforce the terms of this Agreement; (2) by applicable law; or (3) under appropriate nondisclosure terms to auditors, accounting, financial and legal advisers, or to an existing or potential investor, acquiring company, bank or other financial institution in connection with a merger, acquisition, financing, loan or similar corporate transaction. In no event may the Confidential Information of disclosing party be disclosed to its competitor. The parties Parties acknowledge that they may have in development similar solutions and that nothing in this Agreement is intended to prevent either party Party from independently developing, offering, supporting and providing similar solutions, provided it is done without use of or reference to the other party’s Confidential Information.