Examples of Protected Information in a sentence
Seller and the Owners shall provide Purchaser with notice as far in advance of any required disclosure as is practicable in order for Purchaser to obtain an order or other assurance that any information required to be disclosed will be treated as Protected Information and Seller and the Owners shall use their best efforts to cooperate with Purchaser in connection therewith and in furtherance thereof.
Protected Information shall not include information that is or becomes part of the public domain through no breach of this Agreement by Seller or the Owners.
Seller and the Owners acknowledge that the Protected Information is essential to the success of the Business, and understand that it is the policy of Purchaser to maintain as secret and confidential the Protected Information, which gives Purchaser a competitive advantage over those who do not know the Protected Information.
This obligation of non-disclosure of information shall continue to exist for so long as such information remains Protected Information.
Seller and the Owners expressly acknowledge and agree that Protected Information constitutes trade secrets and confidential and proprietary business information acquired by Purchaser in the Transaction.