Confidential Customer Data definition
Examples of Confidential Customer Data in a sentence
TradePro agrees that it shall observe and comply with all applicable local, state, or federal law, statutes, ordinances, rules, or regulations with regard to collection, retention and transmittal of Confidential Customer Data, including, but not limited to, data privacy, data protects, and consumer privacy laws.
This MNDA contains the entire understanding between the Parties with respect to the confidentiality and nondisclosure obligations for Confidential Customer Data received hereunder.
In the event of disagreement between the Parties regarding the sufficiency of the receiving Party’s security procedures: (1) the Parties agree to attempt, in good faith, to resolve said disagreement; and (2) the disclosing Party may suspend or not initiate the transmission of Confidential Customer Data until such time that said disagreement is resolved.
In the event of any unauthorized disclosure of Confidential Customer Data received pursuant to this MNDA, the Party responsible for such unauthorized disclosure must immediately notify, in writing, the disclosing Party (from whom the Confidential Customer Data was originally received).
Each Party represents and warrants that it has adopted and implemented an information security policy, program and controls that includes reasonable administrative, technical and physical safeguards (including encryption of Confidential Customer Data if requested by either Party) against risk of loss, unauthorized access or use, destruction, modification, and unintended or inappropriate disclosure.
Any conflict between the language on any specified legend or stamp on any Confidential Customer Data received hereunder and this MNDA shall be resolved in favor of the language of this MNDA.
Failure to comply with any obligation in Confidential Customer Data section of this Agreement.
Security means the industry standards and techniques, both physical and logical, to ensure that the Confidential Customer Data will not be compromised and shall be kept secure.
Prior to the delivery of Confidential Customer Data and during the term of this MNDA, the Parties shall implement security procedures, practices and controls sufficient to safeguard against unauthorized access to, or destruction, use, alteration or disclosure of Confidential Customer Data.
Prior to the first transfer of Confidential Customer Data to receiving Party, receiving Party will provide transferring Party with documentation of such compliance with the above-referenced security procedures, practices and controls satisfactory to transferring Party, which documentation shall be subject to the same confidentiality requirements that govern the Confidential Customer Data, including, but not limited to, notice in the event of disclosure, as specified.