Common use of Use of Privileged information Clause in Contracts

Use of Privileged information. The Parties oblige to handle privileged and confidential information diligently and with outmost carefulness and not to utilize or otherwise use privileged and confidential information for any other purpose than the tender process. The Parties also oblige to limit the access to privileged and confidential information to only those executives and/or employee’s who are, based on their position, needed to have access to privileged and confidential information. The Parties oblige to clarify above-mentioned persons the contents of this agreement and to supervise that all conditions of this agreement are fully conformed. The Parties confirm that any and all breaches of the terms of this agreement performed by the executives and/or employee’s of the Parties are considered as breaches performed by the breaching party itself. Thus, the Parties take full liability of any malfunction or breach of the terms of this agreement performed by the executives and/or employee’s of the breaching party.

Use of Privileged information. The Parties oblige to handle privileged and confidential information diligently and with outmost carefulness and not to utilize or otherwise use privileged and confidential information for any other purpose than the tender cooperation process. The Parties also oblige to limit the access to privileged and confidential information to only those executives and/or employee’s who are, based on their position, needed to have access to privileged and confidential information. The Parties oblige to clarify above-mentioned persons the contents of this agreement and to supervise that all conditions of this agreement are fully conformed. The Parties confirm that any and all breaches of the terms of this agreement performed by the executives and/or employee’s of the Parties are considered as breaches performed by the breaching party itself. Thus, the Parties take full liability of any malfunction or breach of the terms of this agreement performed by the executives and/or employee’s of the breaching party.